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Economic News

Calling the Bottom of the Market

Now that it is the end of the 2009 business year, let me know call for the self-named Glick Bottom!Haines_Mark_240x250

Like Mark Haines of CNBC before him who called the stock market bottom, I see this as the zenith of low rates, low prices, tax credit and the beginning of job recreation.

So all of you that have been sitting on the sidelines as far as buying a home, I am declaring the end of the wait. As you may know from my other writings, I am not the real estate cheerleader like a lot of agents are. I will never answer the phone, “It’s a great day at Nauseous Real Estate.” I give you more credit than that.

But back to reality. Consumer confidence is getting better and better every day and because of that, more spending will occur and the jobs will come back. Once the jobs come back, the housing market will reappear stronger because the builders, the foreclosures and the rental market has scooped up a lot of the over capacity. Hey…the old supply and demand stuff!

Have a great 2010 and remember me when the market returns or throw stuff at me if it doesn’t. I’m a big boy, I can take it!

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Written By

Realty Reality! That describes Fred, a sharp witted and outspoken realist for the mortgage and real estate world who has appeared on CNBC and NPR's Marketplace along with being quoted in the New York Times, The Wall Street Journal and other media outlets. Fred is the CEO of U S Spaces, Inc/Arrivva (a real estate brokerage firm in PA, NJ, DE and CA) and U S Loans Mortgage Inc (mortgage brokerage in PA, CA, FL and VA), and serves on the Board of Directors and is the Federal Legislative Director for the UpFront Mortgage Brokers. Fred is also the co-creator of real estate startup, a mathematically driven rental search engine. See everything Fred at

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