NW Report News Says 2009 Year of Our Stabilization

Who can predict the future? Not I. But I do agree that it seems as though this is the year we will stabilize our housing prices. I’ve read three articles this past week-1 from Standard and Poor (previously reported), 1 from Moody Report, and this NW Reporter Article I’m attaching that seem to indicate that they expect Q3 2009 to be the turnaround spot. 2 of the 3 articles say they expect prices to go down in this area another 8 – 14.9%. While that is not great news, this particular article also says that new home inventory is down by about 20% over last year. This is a correction that needed to happen. Now where is that stimulus package when you want it NOW!

http://www.nwmls.com/discover/index.cfm?SectionGroupsID=25&SectionListsID;=25&PageID;=4870