Chickenpookie

Has the Housing Market Hit Bottom?

As rents fall and property taxes increase, property owners will feel a squeeze and may be forced to unload, releasing additional inventory into the market.

I don't think we've seen a bottom for prices quite yet. I'm shopping but I'm not buying until I find exactly what I want, I can be patient in the selection process this time.

I blame Congress(for looking the other way and selling us NAFTA), Bernanke (for raising rates before converting ARMS to fixed), and Greenspan (for keeping rates too low for too long).