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!