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Real Estate: Have we finally hit bottom?

Capital Gazette Communications
Published 07/19/09

When looking at the general health of the housing market, there are two important numbers to consider. First, what are homes selling for - are prices going up or going down? Second, what is the sheer number of homes being sold? In this week's column, we'll look at the latter. If the total number of homes being sold begins to show signs of growth, that can be a precursor to improving home prices and an overall strengthening in the housing market.

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Before we get into the graph, and what it may mean, we should have a little math tutorial. A math lesson is probably the best way to make most people stop reading this column and...

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Zero Credibility - 2009-07-20 20:44:36

"However, real estate agents are eternal optimists."

About sums it up.

It would be nice if you gave a breakdown of how many of those pending and closed sales are underpriced bank houses.

You are doing a disservice to everybody except yourselves.

Housing values have another 10-15% to fall before they will stabilize.

Government intervention and control will only artificially inflate housing prices and prolong the pain of the housing bubble.

YOU AND YOUR ILK FROM THE NATIONAL ASSOCIATION OF REALTORS SHOULD BE MUZZLED.

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Mark Knophler - , - Karma: Neutral

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