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08:16 PM

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Subject BREAKING!! Home Sales Continue To Improve

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[quote:Anonymous Coward 1460046:MV8xNzYwMTE4XzI5MTkzOTE1XzVCRUI5ODJG]
That is the inherent nature of investment - all investment entails taking a risk.

No one can 100% predict where the market will go from here.  But it is reasonable to expect that we are at (or near) bottom.

The federal tax credit ended, what, 2 years ago?  And there was a double dip after it ended.  There is no federal credit now, and people are buying like crazy.

In real estate terms, this means this is a bottom. And people are taking the risk and buying. At incredibly low interest rates, and at prices that are affordable.

So, if you let fear dictate your investment strategies, then you would never invest at all.

The nature of investment is to take a calculated risk.  That's economics for you.

[quote:Anonymous Coward 8748751:MV8xNzYwMTE4XzI5MTkzNzUyX0FCN0RFNTgy]
lets say this is the bottom when it comes to mortgage rates.

why would i want to buy at the bottom of mortgage rates?
when the rates start going up (and they will) the buying power of the people lookin to buy will be dramatically reduced which means home prices will go down even more.

if i buy at lowest interest rate i will be running the risk of being upside down with a few years.

people thought 2005 was the top and it kept going for another 2 years.

if people think this is the bottom then that means they will prop the market by sucking in suckers for at least two more years, then take them out... THEN it will be a great time to buy!
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Original Message Home sales ended a difficult year on a high note, resulting in a gain in full-year sales volume.

The National Association of Realtors reported that the annual sales pace in December reached 4.6 million homes, up 5% from November's pace and 3.6% from a year ago.

It was the third straight month of improvement in the pace of sales. The fourth-quarter sales volume lifted full-year sales to 4.26 million homes, up 1.7% from 2010 levels.

"The pattern of home sales in recent months demonstrates a market in recovery," said Lawrence Yun, the group's chief economist. "Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market."

Snip: Less than 50%.

Read the full article here:

[link to finance.yahoo.com]

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