This dude called the bottom - The author of this article writes...Last summer I wrote that it was time to buy residential real estate if you were in the market and looking for a bargain. I never expect to call a market bottom, and certainly not for long-cycle assets like houses, but I seem to have come pretty close. The latest S&P/Case-Shiller survey results, released last week, suggest housing prices bottomed out around April 2009, when its 20-city composite index was down 32.6% from its peak reached in June/July 2006. Since then it has gained 3% through January 2010. I would agree that was the case with Parker CO real estate as well (at sometime in spring of 09.) Read more:
From: http://online.wsj.com/article/SB10001424052702304172404575167971729724454.html?mod=WSJ_Real+Estate_LeftTopNews
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