If you ask Realtors if they think that the housing prices have bottomed out, the answer you will get quite often is yes. Sometime between the summer of 09' and the end of the year the housing prices hit bottom. They haven't started moving up yet, but they seem to be pretty stable at this point. That's good news for the housing market. And very good news for all those home owners looking to sell their houses this spring and summer. With interest rates still very low, and inventory dropping slightly, if you have been thinking about selling your house and have been worrying about if now was the right time you can breath a little easier. Check out this video by Jim O'Sullivan the Chief economist for MF Global and see what he has to say about it by clicking on the money house below.
Have Housing Prices Bottomed Out?
Charlene Reinauer BH&G The Masiello Group www.CharleneReinauer.com