This was a rough news cycle this week. A lot of news got pushed to the side, because of the tragedy at Virginia Tech so you may have missed this piece of news.
On Friday, during a speech to the House Appropriations Committee, Treasury Secretary Henry Paulson said that the housing down turn was at or near the bottom:
"This is a complicated issue, but from the standpoint of the overall economy, my bottom line is we're watching it closely but it appears to be contained,"
Secretery Paulson went on to say that the economy was robust, and that he feels that the crisis in the sub-prime marketmay be coming to an end.
Well...that is interesting. In my previous entry I had similar feelings about our local market, and all Real Estate is local. You buyers should be very aware of these conditions.
