Market Reversal?

[Nola Realty]

Okay, like the stock market, securities pull back based on some impact with that company, be it something. Everyone knows that the real estate market is getting a bruised eye from media news due to a pull back.

Let's take a poll, and keep a tally on your estimation with the post.

When do you think the real estate market nationwide begins to make a refersal, and gets back to normal business? Remember, I am wanting a specific month and year and then perhaps an explanation.

I will start and say Mar 09. First, elections are over and plans are implemented. Secondly, mortgage lenders will, I think have written off or refinanced bad loans, and lastly selling off most of the foreclosed properties available, and March is usually when real estate starts picking up....

Remember, no right or wrong answer, but makes great forum discussion....

[Discover Davis Homes]

Bad loans will continue to be a problem for a couple more years. Mortgage resets will still take place for a couple more years. My guess is April 2011.

[DMG]

Many many bad loans still coming up, Its going to take a while to flush out the REO deals. I would guess March 2011.

[tsteuwer]

I love your optimism! I wish it would be that soon, but I'm guessing at least two more years. Possibly earlier in our market due to our new international airport.

I wish the media was more positive as this is a really good time to buy... but then again, it is the media. All they broadcast is negativity.

I will start and say Mar 09. First, elections are over and plans are implemented. Secondly, mortgage lenders will, I think have written off or refinanced bad loans, and lastly selling off most of the foreclosed properties available, and March is usually when real estate starts picking up....

Remember, no right or wrong answer, but makes great forum discussion....

[Discover Davis Homes]

Troy, I think now is a good time to buy in my market, just don't really see a recovery for a couple more years. Many of the bank owned homes are selling for 50% of what they sold for at the height of the market. I don't think prices can keep freefalling here because investors can make the numbers work on many homes now. People who are truley looking for an investment or not looking to turn something quickly would do well by finding the right property now.