My New Blog

     It's an interesting time in the real estate market right now. In the last 12 weeks prices have come down to 2004 levels in a lot of areas either because sellers have finally realized that they aren't going to get top dollar, or foreclosures are driving the market price, or now that the government will forgive the debt on owner occupied housing the short sale isn't a bad idea after all...

     Actually it's all of the above. Good news for those with the credit and cash to buy now because the smart money is predicting long term interest rates to rise to make up for a) the sagging economy, and b) to make up for the heavy losses already incurred. It would be penny wise and pound foolish to try to "time" the bottom when the money will ony cost more.