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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (140885)	8/13/2008 6:16:00 PM
From: pheilman_	Read Replies (1) \| Respond to of 306849

How does this expert hold these two opposing thoughts? (from the SFGate article) "Michael Carney, director of the Real Estate Research Council and a finance professor at California State Polytechnic University at Pomona, agreed that the accelerating rate of depreciation means there's no clear end in sight. "There's no bottom in sight for home prices at this point," he said. "We're all looking for a turning point; there are no signs of that at this point." ... The one category that benefits from lowered home prices obviously is people who want to buy a home (and aren't encumbered by having to sell another one first). "Anyone who's looking to buy should definitely be in the market," Carney said. "There will be some good deals out there." To paraphrase: Get right out there to catch that falling safe.