Thursday, September 16, 2010

Housing Prices Only Go Down

An interesting column from AP on real estate.

Remember it was just a few years ago when folks were anxious to buy a hone because prices only go up, and soon they wouldn't be able to afford a home.

How times have changed.

Now, folks are convinced that prices will continue to fall and rates will go lower, so they don't feel the need to act immediately. Oh, and there is also the risk of job loss.

It will be interesting to see what happens when rates do turn back up.

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