Ice Cold Housing (fill in the blank)

It doesn’t take much surfing to find anything negative about the current real estate market.  Numerous articles and press releases about housing prices continually dropping, foreclosures “doubling,” people sitting on the side lines waiting for any indication that it’s getting warmer.  When speaking with a co-worker about the real estate industry, he mentioned that there was “no end in sight.”  Coincidentally, while perusing through some articles, I found a similar quote.  Did he read the same thing or is this the new message resonating throughout industry info-waves?  Whatever it is and if it’s true,  it’s definately a huge, horse pill to swallow.

“There is no sign of a bottom in the numbers,” says David Blitzer, chairman of the index committee at S&P. 

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