The Other Shoe?
Posted by: Chesley Payne
May 10, 2009
Topic: Consumer Information
The article linked below gives an opinion that one bank, Regions, may have yet to fully experience the down side of the real estate market slump.
http://www.bloomberg.com/apps/news?pid=20601087&sid=akob6j5ubY8E&refer=home
However, I have been hearing anecdotally that traffic in the residential markets is picking up. This article on Montgomery real estate trends lends support to this possibility.
http://www.montgomeryadvertiser.com/article/20090423/NEWS/90423048
The combination of low rates and prices suggests that now is a great time to purchase a home. However, until some fear is alleviated concerning the economy as a whole, we will be hard pressed to see significant improvement. We need to see a turnaround in the " hearts and minds " of those in the marketplace. The article linked below shows some evidence that this is occurring.
http://www.google.com/hostednews/ap/article/ALeqM5jmT59dgLTTziX4p9X9MRBRpWZGdQD97RO9CG0
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