Judge it!
History says that home prices will not increase for several years after they bottom. After the last major downturn in the early 1990's, nationally home prices did not increase for about 5 years.
Remember when the DOW was at 14K, then 10K? Buying a house in this market is like buying at DOW 10K (DOW 8K today). Outside of the potential for inflation, there is a very small probability of home appreciation. A decline of at least 8% remains.
For about the past year Realtors have been advising homeowners not to sell their homes if they do not have to. This is horrible advice. There will be no V recovery.
CAAR Releases Mid Year Report
Full story: NBC29 Charlottesville
The real estate market is a tricky business these days and some say, now is the time to buy.
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Daily Horoscope for November 29
Gemini
Your lunar low cycle begins today as the Moon enters Taurus, so stay in bed and dream as long as you can. What have the Twins learned over the past month? Ask yourself where you've been and where you want to be. Any woman will tell you that there is a profound sense of relief mixed with pain, that marks the end of each monthly cycle. Letting go of the old to make way for the new, is what ties us into the universal cycle of life.
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