Real estate outlook from www.infotube.net. Prices for real estate will not and can not stabilize until the excess inventory of unsold homes declines to a 6 month level. In over built states such as FL, NV and CA, this will take some time, as new building continues. Obviously, there will be no appreciation before we go through a period of bottoming and stabilizing. It may be a decade before buyers can brag they got the deal of the century. The best advice is to buy something you like and then, stay put.
Tommi Crow
of NC
@
Mar 27, 2008 13:33:07 PM
foreign buyers beware
prices will fall much further on real estate if the crisis continues. and it will be years before the dollar recovers, if ever given the financial mess we're in. in the meantime dear canadians and brits enjoy skyhigh taxes and insurance, hurricanes and tornadoes in sunny florida.
Tommi Crow of NC @ Mar 27, 2008 13:33:07 PM
marc of FL @ Mar 20, 2008 19:04:15 PM
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