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Housing Market hits bottom according to NAR.

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From the same people who said there was no bubble.


And to buy absolutely as much house as you could, because
a "budget that is tight now will ease in the future as your
earnings grow."
 
Sightly less rosey outlook:



"...While the mortgage crisis has brought a rising wave of foreclosure notices into public view, less evident have been "pictures of people standing with furniture on the lawn" after being forcibly evicted from their homes, Syron (chief executive of Freddie Mac ) said. "As that begins to happen, and it will happen, I am afraid of the impact that this has."



http://biz.yahoo.com/ap/071211/freddie_mac_mortgages.html
 
Capricious said:
Generally speaking, it is certainly a better time to buy than it was
(2) years ago.



Whether it is a better time to buy than it will be in the future is
the unanswered question.
Click to expand...
Wait two years and you will know the answer to your question of what the market will do in the next two years. However, buying or not buying cannot be taken back, when you find out what the future held, because the future will have already passed. ;-)
 
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