Beware The Blue Sky--The Current Housing Market

Despite the obvious bursting of the housing bubble and the associated freezing up of credit markets, many (suspiciously self-serving?) forecasters and investors suggest that the housing slump is close to bottoming out--or soon will be!

Even now, TOFKAOOATT (The Organization Frequently Known As Overly Optimistic All the Time) aka the National Organization of Realtors (NAR) projects that existing home sales will gradually rise over the next year as "pent-up demand is unleashed."??? This would be great news if it made any sense. Click Here to see the rest of this article.