Dennis Norman
By:Dennis Norman
Ok,I’ll admit it,there’s a little sarcasm in the title to this post:it’s all in fun though.
As I have stated many,many times in blog posts,I am not an economist;I’m just someone that has spent 30 years in the real estate business that enjoys tracking the market and trying to stay on top of it. For that reason I’m pleased that within the last couple of days,some real economists that are actually paid for their opinion of the market,have come out and stated that housing my be near the bottom; Something that I first suggested over two weeks ago in a post on this site and then again four days ago in another post.
On April 16th the Wall Street Journal posted a blog with a title of “Economists React:Housing May (Finally) Be Near Bottom” in which seven different economists are quoted with comments indicating perhaps we are near the bottom of the market. Then,yesterday, Frank Nothaft,the chief economist for Freddie Mac stated “U.S. housing sales are near a bottom….”
Obviously these guys are reading my blogs and being influenced by my blogs;Seriously though,lets hope that we are seeing the bottom of the market….we need it.
Related posts:
- Has the real estate market hit bottom?
- CALIFORNIA REAL ESTATE INVESTORS AGREE TO PLEAD GUILTY TO BID RIGGING AT PUBLIC FORECLOSURE AUCTIONS
- Home mortgage interest rates continue to fall….Life support for the ailing real estate market but not the cure
- Fed Reserve Board says signs Real Estate Market may be stabilizing
- Real estate market showing signs of improvement according to Fed Reserve
