Back in late 2009, I did a post on what I felt was a bull trap in the housing market and advised buyers to wait until the bull trap had completed its cycle and look for the arrival of the… Read More ›
housing market double dip
June housing update & how every time you fill up at the gas station, you are bailing out the banks and people in foreclosure.
As I’ve said in many posts before, it’s still not a time to buy. Here’s why… Resistant Sellers These sellers are; not aware the market has crashed and continues to decline, are in denial that they owe more than their… Read More ›
Not one house over $750,000 was sold in July…or June…in the entire United States. And only 1,000 homes in the entire country above $500,000 were sold last month. The housing market has finally fallen through the ice. I did a… Read More ›
As dozens of bloggers have been predicting for over a year now, yours truly included, the housing market is entering its double-dip phase of dropping prices, as reported in today’s WSJ. Despite the lowest interest rates since 1971, home inventories… Read More ›