Housing Market on Verge of Stabilizing?

[Dee Dee]

... however; I do think this downturn will be far greater and longer than anyone foresaw. Old rules regarding real estate cycles no longer apply. They are obsolete.

The world no longer revolves around us. We are a debtor nation, currency is being usurped by Euro, Yen,etc, largest U.S. financial institutions in financial crisis, our federal bank has to choose between inflation or recession, this is no longer your daddy's real estate market. Don't want to rain on anyone's parade but the are some dark clouds on the economic horizon. I know you guys are suffering, so am I. This sucks!

That's kinda like what I've been trying to say for several years now, however I think you did a better job of it. You hit the nail on the head when you said that this is no longer your daddy's real estate market.

We're making history here...and methinks it's not the good kind that our children will thank us for.

 

[john snyder]

Had a reviewer request for me to put in writing a prediction as to when the current downturn will end. Guess I should just quote NAR.

Maybe I could exercise some "puts and calls" while I am at it. Looks like the worst is over.

Has NAR ever studied time adj. with paired sales?

jbs