Attached is a great Wall Street Journal article regarding the movement of real estate nationwide…
In short, according to the journal:
“April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.”
Please read below to see the beginning of the article, and if you are interested in reading it in full click on the attachment.
The Wall Street Journal
The Housing Crisis Is Over
By CYRIL MOULLE-BERTEAUX
May 6, 2008; Page A23
The dire headlines coming fast and furious in the financial and popular
press suggest that the housing crisis is intensifying. Yet it is very likely
that April 2008 will mark the bottom of the U.S. housing market. Yes,
the housing market is bottoming right now.
How can this be? For starters, a bottom does not mean that prices are
about to return to the heady days of 2005. That probably won’t happen
for another 15 years. It just means that the trend is no longer getting
worse, which is the critical factor…
Please click the attachment to read the article in full.