19
Jun
Housing Bottom … Warton Prof. Says Not Yet!
Wharton School Professor, Susan Watcher talks about the housing market. This is a very good take on our current real estate market. The 2009 real estate market bottom crowd should throw in the towel and start perfecting their 2010 market bottom sound bites.
It always amazes me how real estate industry spokespersons are constantly interviewed and quoted about the latest news. Isn’t it obvious that they always say a variation of the same thing? “It’s always a great time to buy real estate!” … “High interest rates, get in now, before they move higher.” … ” Falling home values, great values, no one can pick the bottom, bargains abound!” … ” This is Southern California, real estate values ALWAYS move higher!”