Friday Real Estate Round Up

publication date: Aug 27, 2010
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author/source: Chris Prang
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The big news, and should have been expected news, was the massive decline in existing home sales and new home sales. NOW the experts are saying housing is in trouble again. What is wrong with these people?

All of sudden, the experts and economists think the housing market is in trouble again. Check out these headlines:

Lack of Jobs, Foreclosures May Keep U.S. Housing Depressed

Housing market continues to decline: Current trends suggest that the housing market is collapsing. Again. Will it take the economy further down with it?

Home Prices May Drop Another 25%


I don't know about you, but I was not surprised at all by the news. The housing market will be distressed for a long time to come. There will be ups and downs for quite a while. So if you are thinking about buying...WAIT! Unless of course, you happen to live in one of the few places where the local economy is good, real estate never had a great run up, jobs are stable and increasing, population is stable and increasing...then you are probably OK to buy, as long as you do it wisely.

Here are some keys to successful home ownership:

 



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