The other day while traveling in Chicago, I clipped an article out of the USA Today. In a nutshell the experts (87 % of them) indicate the bottom is near for the real estate market, and depending on who you listen to, it's already hit, or should be complete by summer.
What that means to you & I is that from here on out we should see inventories getting smaller, prices equalizing, and our listings will hopefully sell quicker.
Last nights evening news showed that there are 7 times more foreclosures in Michigan than any other state. If you use those figures, 1 home out of every 100 is estimated currently in foreclosure. That is huge, and is a mirror into the general state of our economy, and the driving force of our housing "slump".
That's why it's so encouraging to see the USA Today publish good news for a change. A good boom economy begins with confident consumers.
Let's welcome a phenominal '07 with open arms.
Tuesday, February 13, 2007
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