Housing numbers are out today. Amid announcements of staggering layoffs set to occur there was a little ray of light from the real estate market, the better than expected number of existing home sales. That's the good. The bad, or more to the point the obvious, home prices are down. The median home price continues to fall nationally. While this is not so good for sellers, buyers are starting to come back to the market due to the attractive bargains and low interest rates.http://activerain.com/blogsview/9007...rices-are-down
How in the world can real estate sales be up, yet they are? We can't be getting the right picture from the news media. The messiah hasn't done anything, yet sales are up? Prices I heard are down another 15%. Wow! I'm thinking of cashing in some of my shredded stock and bond holdings and buy some real estate.