Rather than post a poll I figured I would post something new. So let's see how long I can stretch out this simple question. Here I go...
real estate market entered a severe slowdown in 2008. After a lacklustre
spring market we reached a point at which the slowing sales and
mounting inventory combined to end price gains. Prices have fallen every
month since April (Benchmark SFH) and the economy has gotten far weaker
since the "correction" began.
All things come to an end. The
bubble has burst, and we will recover. However with the economic
weakness bearing down on us, this year does not look good. Interest
rates are falling rapidly which is great news for our market.
Unfortunately, I don't think it's enough. There are far too many storm
clouds on the horizon, and we may have to weather an economic hurricane
before we see a rainbow.
Real estate has proven itself a tremendous value for long term wealth creation but it's not always the best time to buy.
do you think this will play out? Will we get a dead cat bounce this
spring? Will we flatline for a few years? We will rush to new price
highs this spring? You tell me.