I do agree that the "double dip" seems to be coming or has started to come already. The only thing that is going to fix this economy is lowering the unemployment rate. They can reduce the interest rates as much as they want, but the fact is that there are a lot of people that want to buy, that cant get the money because they have taken a reduction in income.
I see another wave of distressed homes and foreclosures coming this next year. Like I said, if you can get financing, it is a great time to buy as long as you buy right and buy like an investor.
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Hope this helps!
Patrick A. Hale, CDPE, RSD
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