This week in housing

We have seen the price of oil retreat under 115 a barrel. We also have seen the stock market rebound a bit. In addition we have seen the dollar get stronger overseas. It is too early to call these events trends. But it is interesting to note them. Bottom line is if liquidity returns to the markets folks will have cash to spend.

Housing starts are at a low which puts pressure on prices on existing homes. So if you are looking to buy now is a good time. Make sure you buy with in your means. remember a fixed rate mortgage is a great hedge against inflation with the item that usually costs the most ( The roof over your head).

I believe we will see housing prices start to rise in 09 and may stabilize in 08. Interest rates and down payments may be the sneaky aspects of this market that surprise you. So if you have been sitting on the fence now is the time to get off. You home as an investment will bring you years of happiness and help you build your future next egg. As Warren Buffet said once, You are not truly rich unless you own real property. Who am I to argue with him !!