Housing Market Coverage
Feb
23
2007
Am I the only one not seeing the housing market bottom? More and more foreclosures are being filed, especially in the subprime market, prices dropping in areas AND incentives that are NOT factored into the prices. On homes around 300k in the Phoenix area, it is not surprising to see incentives of 25K or more in closing costs and upgrades.
The head guy at the NAR has officially called a bottom and they just released a national advertising blitz saying now is a good time to buy. Isn’t it always a good time to buy according to the realtors?
Tags: foreclosures, housing bubble, housing market, investing, real estate
February 23rd, 2007 at 10:47 pm
the NAR is just a cheerleader for the real estate industry. did he come out with a book called ‘are you missing the real estate boom’ about 10 years at the very peak???
he’s an idiot