Sometimes we see newspaper writers who will go out of their way to paint a rosey picture of the marketplace, usually in papers that receive a significant amount of their income from Advertising.
In this case the Free Press seemed to be relatively objective.
Note especially the quote:
"There is absolutely nothing in data out this week -- not from the Case-Shiller home price indexes or RealtyTrac's foreclosure stats -- that contains even a hint that the housing is bottoming out," said Bernard Baumohl, managing director of the Economic Outlook Group in Princeton, N.J.
Here is the link:
Detroit Free Press Article on the Real Estate Market
Helping Home Buyers Locate, Evaluate, and Negotiate great home deals!
Jon Boyd, Broker/Manager
The Home Buyer's Agent of Ann Arbor, Inc.
http://buyersagentannarbor.com/
734-6620-6240
1908 W. Stadium Blvd.
Ann Arbor, MI 48103
Ann Arbor's Most experienced Exclusive Buyer's Brokerage!
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