Home Prices Hit Rock Bottom – Gains a Little
Monday, June 15th, 2009
The rock-bottoming of home prices that many home buyers have been waiting for has come and gone and even gone up slightly. But recovery is still a long way off, according to many industry experts who predict a total recovery by 2012. Mortgage loans and refinancing is on the highest levels in months but the also high default rate, keeps experts guessing on what to expect of the market that has become unpredictable in many avenues. Most trending information has long been left unusable due to the sheer length of home prices and many other economic indicators being in the red zone. Hope for the end of the financial crisis is still there, just not as optimistic as it used to be, more realistic that recovery will be long and very painful.