The Upside to the Down Turn

If you have a pulse and can see, hear or read, it is difficult to not have a negative feeling about the housing market these days. The amount of negative press is astounding. The effect is similar to frendzy created by the Press for Y2K, mad cow and the Bird Flue over the past few years. Obviously there has been a slowdown in the housing market over the past 9 months to a year, and this Blog is not intended to deny that.

The intention of this blog is to provide some insight into the positive side of the slowdown and to help educate potential buyers instead of creating fear.

This Blog is based on the following Truths:

1. Not all homebuyers are investors. Believe it or not, most people buy a home because they want to own the property on which they live and not strictly as an investment. Peoples housing needs continue to change... families still need homes, and the population is still growing.

2. The factors that contribute to the market are still strong. There is employment growth, interest rates remain relatively low, personal wealth is on the rise and there is a ton of equity out there.

3. If nothing else, the last 3 realestate cycles have proven that the overall trend in value is positive no matter how severe the short-term down turn.

3.