Well, here we are…
the first month of ’09 is in the books and it looks there MAY be an end in sight for this little real estate downturn. Unemployment has been rising each month for the past several… which isn’t a good indicator… but lets hope that all of this crazy TARP money actually does help to create some more jobs and bolster the real estate market like they say it will.
The new home market is still in the gutter… but affordability is slowly getting better and back to “normal” #’s. I see housing affordability to continue to get better over the next several months… and as the credit market loosens we should start to see less inventory on the market.
Enjoy!
– Trevor
Feb 2009 Real Estate Statistics and Indicators Report – Free Legal Forms
