islandcreek

As Home Sales Plunge, Some Say the Crisis Is Almost Over

You answered your own question in your last sentence. ** Note if you live in Texas, the Western Plains States, or in a farming community - ignore everything above - times are good! : Exactly! Of course there are parts of the country that will not recover for a long time. This is a VERY big country, and our economy (and the stock market) is showing its long term resilience by its response to the Fed's moves. I lived through the real estate downturn in 1979-1983, and the one in 1988-1992. It's NOT different this time. Have a little patience and faith in your fellow citizens.