Thread was started in November 2006, think about that one for a minute, 2006, he thought there was a bottom, here we are 18 months later and foreclosures havent even peaked yet. Billions worth of ARMS resetting this year and into 2009 and many think the bottom was near, fools. The bottom is far from in, housing prices are still going to come down even further, another 5-10% by the end of 2008. Until foreclosures peak housing prices are going to fall.
that's right ! and remember the fed was even saying that by august 2007 the housing market should bottom . i really trust them??? bgp
We all have our opinion on when there will be a bottom. However, the thing which is puzzling, is that so many seem to think calling a top/bottom is easier in the real estate markets than calling the same for the financial markets. In reality, all we can ever do is make educated guesses. If many "experts" are saying it will be time to buy some time in 2009 or whenever - I will have a contrary opinion.