Click on title above to see AP article stating that last month's drop in home sales was unexpected and surprising . . . Really? No one here was surprised. A whole lot more correction ahead! Good news is home prices today are higher than they will be at any point in the next 10+ years as we will continue to see declines while the distressed properties work their way through the system. By late 2015 most of the troubled properties should be under the control of financial institutions which will, finally, end the slide. Once that bottom is reached it will most likely take another several years to dispose of those properties thereby creating an extended flat bottom. So if you are thinking of selling, you would be very wise to do so sooner, rather than later.
http://finance.yahoo.com/news/January-home-sales-fall-72-apf-1993954776.html?x=0&sec=topStories&pos=main&asset=&ccode=
