Maryocon

8 Predictions for 2008

. The housing market will not bottom in the middle of next year. The housing market will not bottom until the inventory of homes on the market decreases from 1 year, plus or minus, to six or 8 month. It will not bottom until the affordability factor reaches at least 40+%. We are not even close to that figure in most parts of the country. It will not bottom until credit is available to a wide variety of buyers and that does not look like it will happen in the near future. I just wish his prediction was correct but it isn’t even close.