I just watched this video on Yahoo Finance (you can click on it to take a look at it) and it reflects what I have been advising my clients for some time now...we HAVE stabilized a bit in the current quarter; but not to get too excited...there is a lot of distressed property yet to hit the market. Keep in mind that this housing "recovery" is occurring while we have historically low interest rates-what happens if they go to 6%...7%? It will affect affordability and consumer confidence in this fragile market.
Send me an email and let me know what you think.
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