Housing Market: No Bottom in Sight

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As long as the government and news media continue to tell Americans the housing market is still in a decline it will decline. Sellers have reduced prices on their homes as far as they can and buyers are holding off until the market hits bottom. The market can quickly improve when buyers know real estate is at it's best price and waiting any longer is not too their advantage. Much of the housing problems are occurring because the news media continues to suggest buyers should hold off! When the housing market improves most other business will also improve.

Dwayne of NV 9:35AM January 03, 2009

When everybody said it was going higher, it was the peak. When everybody said the bottom is not close yet, it is the bottom. It worked before. It is going to work again. The mortgage payment is lower than the rent. Tell me why the house price will go even lower.

fan Poly of 12:50AM December 29, 2008

Ever since the economic meltdown began, every part of our media has run the "no bottom in sight" headline as if years worth of malice, corruption and greed were to clear overnight in an immaculate redemption!!! I wish everyone would mature a little and face facts that the bottom will ome only AFTER changes are made AND responsibility returns to our business entities. By lending to homeowners from savings assets banks will slowly return to normalcy but a quick fix will merely result in another false economy and inflated values on everything from homes to food. We must face facts that our economy is inflated at present, not from normal inflation pressures but from recouping losses. The bailouts artificially inject funds into the economy yet are confiscated by business trying to cover their losses. It will be a long time coming till the BOTTOM is realized since we can't even see the entire picture yet!!!

Ray Fisher of NM 11:02AM December 24, 2008

Our perceptions are being pushed and pulled, changing by the day as our world gets turned up-side-down. What of our ASSUMPTIONS?
http://pacificgatepost.blogspot.com/2008/12/new-and-different-shattering-of.html
…AND WHERE TO NEXT?

PacificGatePost of WA 7:50PM December 23, 2008