Nobody can see the bottom so don't look!
By Michael Fitzpatrick
(Phoenix Urban Living)
A competitor of mine recently wrote an excellent article on looking for the bottom instead of focusing access to cheap money. This is where people get confused. It's cheap money that drives real estate booms and expensive money that will bust it. The point is very easily made by the fact the a 10% decrease in a homes value is wiped out by a 1/2 % increase in interest. Loan programs today try and eliminate the speculator but do reward the home buyer with amazing rates and programs. Rates will not get that much better because they can't do to inflation. This is a perfect time for home buyers to look for great values. M.P.S. Here is a link to the article: http://weknowurban.com/blog/market-update/can-you-see-the-bottom/