Friday, March 19, 2010

Is Real Estate at the bottom?

If the unemployment rate decreases and the work force expands in combination with further credit improvements and affordable homes available this will certainly help overcome the unavoidable rise in future interest rates.

Here are two expert opinions:

(1).  “I would bet even odds that we’re at a bottom and that we’re going to see improvement in the coming months,” says Karl Case, co-creator of the S&P/Case-Shiller Home Price Index and a professor of economics at Wellesley College.

(2).  “The underlying trend is turning positive,” says Bruce Kasman, chief economist at JPMorgan Chase & Co.

Please let us know your opinion on if we have hit the bottom in real estate or not.  Thank you.  Patrick