Media Proclaiming the Housing Decline is Over

Posted on August 1st, 2009 by admin

Normally, when the media talk about something financial, the opportunity to capitalize in what they are talking about is already past. If a company is highlighted in Fortune Magazine, the most money to be made in that stock has already past. Now, major media are starting to say, the housing market has bottomed.

Here is an opportunity that can be still be taken! In real estate, there is still plenty of inventory at low prices, and for at least the next while, low interest rates. Those who have been sitting on the sidelines this time aren’t late to the party. Next summer, could be a different story.

Here’s an article published today:

Now take a deep breath and exhale. The worst is over.

The Freefall is over

By every measure, except foreclosures, the housing market has stabilized and many areas are recovering, according to a spate of data released in the past two weeks. Nationwide, home resales in June are up 9 percent from January, on a seasonally adjusted basis. Sales of new homes have climbed 17 percent during the same period. And construction, while still anemic, has risen almost 20 percent since the beginning of the year.

Even home prices, down one third from the top, edged up in May, the first monthly increase since June 2006. – MSN

Read the whole post to see what their crystal ball is saying…