Archive for December, 2009

Focus on the new housing market.

Saturday, December 5th, 2009

Entry level and first time home buyers have been the target of government stimulus dollars in hopes that this will free up the log jam and allow 1st and second move-up buyers to proceed. This in turn can produce the inertia to move the entire real estate market.

Meanwhile, we see people with the means and desire take advantage of a real estate market that has hit a bottom. This is not to say that some home prices will not decline further, just that the home market these folks have interest in has bottomed.