Here is an interesting article from the Washington Post which describes in brief detail several of the factors that contributed to the credit crisis and the subsequent housing crunch.
Note the tone of the article, that the credit crisis has a bit more fall-out that we can expect, but that in essence we are bouncing along at the bottom. The bottom of the credit crisis, that is.
The housing market is a lagging recovery, that will follow behind by a few months. If you are thinking of jumping into the housing market and buying, then read this article carefully. I think you will agree that it is just about the time to pull the trigger.
The bottom of the market is tough to time – except in hindsight. But missing it by 5% or so could still be a home run. Break out the bat, and give me a call.
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