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Real estate market bottom not yet reached as economic headwinds still linger

Posted on 05 September 2011

Up until lately many pundits, including Paulson himself, have stated that the housing market had finally reached a turning point and that it was time to buy. Each time these pundits made these claims we stated that this simply was not true. Certain criteria need to be satisfied before this sector can put in a sustainable bottom.
The most important of which is jobs; if it is hard to land a new job, then it is not very likely that anyone is going to want to run out and buy a new house……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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