Do any of you good professionals beleive the real estate market will bottom out this year? Will it stabilize then?

the real estate markets are already recovering in many areas. By spring it will expand further but there is a big downside if you are planning to borrow money for the purchase. FED support of mortgage backed securities will dry up at the end of march and mortgage rates will probably rise. How much is anybody s guess. Borrowing money at higher rates down the road in anticipation of lower home prices is not a good strategy and could prove quite costly. I would buy now but what do I know. I am just a poor mortgage originator only in the business 18 years.

YES...We Have Bottomed Out...But We Are Still Bouncing...We Need To Level Out And Work Our Way Back Up...Watch...Jobs...Corporate Capitalization...And Remaining Foreclosures...Each Area Of The Country Is Determined By The Individual Economic Health Of The States & Countys...OKwww.JimTeak.com