``I don't think we're anywhere near a bottom in housing,'' Broad told Bloomberg TV at the Milken Institute Conference in Beverly Hills, California. ``We're going to have a big inventory of unsold, unoccupied homes that's going to take three or four years to clear out.''
20% drop is too conservative. Panic will grip this economy in due time. Cans of soup will get the bid like never before!
It will get much worse for sellers and much better for buyers.
I think right now, the speculation about the flood of foreclosures is keeping the SS & REO's down.
Quantity is up from first qtr last year
Always think outside the box.
Please Contact:Tony Lara
Licensed Real Estate Salesperson
Charles Rutenberg Realty
127 East 56th Street, 4th Floor
New York, NY 10022
(212) 688-1000 x 435
Century 21 Princeton Properties