Has the housing market bottomed out?
2006 numbers are out claiming that; “It was the worst housing slump in nearly two decades.”
According to the National Association of Realtors. Sales of existing single-family homes fell 8.4 percent to about 6.5 million, the biggest annual decline since a 14.8 percent drop in 1989.
I guess this all depends on location and I’m sure some of you out there are happy that real estate is slowing down, given the price of housing in some parts of North America.
