The doom and gloom that the national media say are plaguing the financial, housing and auto industries do not seem to have a home. as well as through random conversations, it seems that a lot of people are trying to peer into ye olde crystal ball and determine if now is a good time to buy a house, Here's a collection of posts from the blogosphere recently that look at the housing mortgage crisis and whether it represents a good time to invest. The only catch is that it's very difficult to read the tea leaves and peg the true bottom, and trying to catch a falling knife usually results in a trip to the ER for stitches. If you're flipping houses and you have a good buying and selling system in place, then the story is different, but thats probably your full-time job. I recognize that this crisis represents a lot of heartache and pain for many people and do not wish to make light of that. Today's real-estate market, particularly at the high end, is still exceptionally strong. Anticipated drops in interest rates, which should make buying a home easier, could make the market even stronger. Plus, the shortage of homes in states such as California suggests a long-term up market.But if the drop in the stock market foreshadows an economic downturn, real estate could suffer. People will hold back on big purchases if they feel their jobs and income are threatened, and real estate is the biggest single purchase many people make in their lives. The bank has been avoiding risky situations with strict requirements.But no one is criticizing the bank for its requirements. The goal of its management team
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