"We will hit bottom in late 2009 or 2010. Then, in 2011 we start to pick up the slack. By 2012 or 2013 we should be at 1600 or 1800 houses per year."
A quotation by Tom Halverstadt, general manager for Developer Carl M. Freeman Communities.
It's almost 2009 now, Its time to buy now. By the end of the year 2009, most of the foreclosure properties should sold and the market will not be artificially depressed. The builders will wait until 2010 or later. Resale of existing homes will rebound much faster, I feel the market is bottomed out in this market. Don't wait for the Seller's market to return. There are great bargains out there NOW.
Uncle Fred
www.fredsporch.com
Friday, November 7, 2008
Housing Will Bounce Back
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment