As We ride down the Slide

As we ride down the slide of falling home sales and prices Real Estate people and various others keep saying "Hold on because we are almost at the bottom". The following article gives a perspective on housing as of this time. Thanks to K.W. for providing us with this info. It would be great if we REALLY knew where each bottom was but the facts are we do not have a clue at this time because of all the uncertainty of not only our economy but the rest of the world's economic status. We are now more than ever before tied to the rest of the world and it's various powers such as oil prices, currency prices , export and imports, etc. These and other items can really push or pull on our economy. Can you imagine what would happen if economic ties with China were cut off? Look at everything you buy and it is stamped "Made in China". What would happen if Oil jumped to $80-$100 a barrel? You may say that could never happen. Time will tell. The slide in housing may be a longer ride down than you think. After all wasn't the ride up to the top fun? www.rateinformer.com