Read this compelling article on CNN Money about home prices. The eternally optimistic and "spin it our way" National Association of Realtors is stating that they "expect prices and sales to be modestly growing by June in most of the country." Hmmmm. What do you think? The director of housing economics for Moody's Economy.com says that it will take "until 2009 for prices nationally to reach the peaks hit in 2005. Take inflation into account, she said, and a full recovery could take more than 7 years." WOW! Not quite as optimistic as the NAR...
Here's the full article: http://money.cnn.com/2007/03/09/news/economy/home_price_slump/index.htm?cnn=yes
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