Jan 27, 2011

Great Housing Reset

Good article by Richard Florida about the "Great Housing Reset".  Graphs show the gain and then loss in value in housing.

Very tough if you bought a home near the top of the market. But if you bought a home earlier, and you mentally draw a trend line to the current value, you would see that your home has nicely appreciated. And it is now most likely a good time to purchase a home.

All depends on your time scale and outlook. The glass is either 1/2 full or 1/2 empty.