Too soon to look for housing market bottom

[hometowngrl53]

Too soon to look for housing market bottom
Falling prices, gloomy consumers point to more trouble ahead
Last month’s pick-up in home sales — even as prices kept falling — has some homeowners wondering if the steep housing slump may be coming to an end. But most housing market watchers say the optimism is premature — and that this spring will likely be another washout for the residential real estate market


read more http://www.msnbc.msn.com/id/23796366/

[badmomma]

I am hoping with the implementation of the new government
policies regarding lending institutions that all will soon come
to an end. Better loan practices will give better stability to
the market. Home sales will revive as the economy improves,
hopefully.

[ben2go]

I'm not familiar with the new lending guide lines.Would it not keep the housing market down,if they cut lending to people with less than excellent credit?Like someone that has a foreclosure or auto repo more than 3 to 5 years past.I've been watching my area and the highend market hasn't really slowed yet.Sure there are a few more houses up for sale,but buyers have remained steady.I know this causes a reduction in prices.If someone can afford a $500,000 to $700,000 house is $10 to $20,000 really gonna make or break a sale?