mkttrdr

U.S. House Prices Could Fall Another 10%

Agree 10-20% more down.
The truth hurts!
I was not happy to tell many of these facts to my local business network, Realtors and NAR members in a meeting back in 2004 before this mess started. The majority said Im nuts and dont call/talk to me now. Yes, I saw it coming early. I'm educated and a business owner who understands basic economics. It's common in most economic cycles to have peaks and valleys. Gravity is real; and so is greed.
Our Leaders, Realtors and the NAR don't want to realize facts, figures or hear the negative tilt I know. Our housing will improve, but not until 2015. Hang on. 2010 is going to make 2007 and 2008 look good.
Our IRS requires no-NO documentation for the 1st time tax credit.
Are we on fantasy island?