Housing cycle could hit bottom this year
By Jessica Swesey, Friday, February 29, 2008.Bookmarking Sites
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Patrick Stone, CEO of The Stone Group, joins InmanTV to share insight into the life of this housing downturn. Stone expects markets will likely hit bottom in 2008, but it's not going to be an easy lift out. People will need houses, though, and he points out some positive forces working for real estate.
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Submitted by wade rose on March 7, 2008 - 5:36am.
I think 40 year loans are lame. housig needs to drop vis wages looking for people to buy to retire to. none wants a morgage in retirement. U.S wages are going down So said on what our GOv. hyas done to us!!!!