Housing Market Has Bottomed?
Sarasota Real Estate News, Real Estate News, Florida Real Estate
Noted real estate expert, Professor Karl E. Case, created the chart above showing the housing starts and recessions since 1972. Notice how every time the housing starts dip below the 1 million mark the real estate market turns around and the recession end. In March of 2008 housing starts dropped below 1 million.
Case believes the market is near or at the bottom. "It's bottom-fishing time, I think," says Mr. Case. "There's got to be bargains in Florida, Arizona and Nevada."
Date: 2008-05-09 17:26:45Views: 120
scott
Not even close! This will be the worst drop in history! More foreclosures to come and more shortsales... when you stop finding shortsales/ then you are at the bottom.