Housing cycle could hit bottom this year
By Jessica Swesey, Friday, February 29, 2008.Bookmarking Sites
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Patrick Stone, CEO of The Stone Group, joins InmanTV to share insight into the life of this housing downturn. Stone expects markets will likely hit bottom in 2008, but it's not going to be an easy lift out. People will need houses, though, and he points out some positive forces working for real estate.
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Submitted by wade rose on March 7, 2008 - 5:36am.
I think 40 year loans are lame. housig needs to drop vis wages looking for people to buy to retire to. none wants a morgage in retirement. U.S wages are going down So said on what our GOv. hyas done to us!!!!
Submitted by Ralph M on June 20, 2008 - 6:39am.
It will bottom out when "Real Estate Professionals" say NOOOOOOOOOOOOOOOOOOO to a seller who wants to list an overpriced listing....and only then. Untill then, watch the housing spiral down the kitchen sink.
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Submitted by Christopher Canzano on August 14, 2008 - 8:25pm.
Timing the market is impossible. Is the bottom here? Did it pass or are we still waiting for it? If you are looking to buy a home to live in it really does not matter! In ten years from now, if history repeats itself you will forget exactly what you paid for the property and chances are it will be worth a lot more than you paid for it today. A LOT MORE!!
Want to buy in one of the best opportunity markets? Contact me.
Chris Canzano
Villa Realty Group, Inc.
239-540-2400