Monday, January 23, 2006

Experts Can See Clouds forming over Home Sales

Mike Thomas COMMENTARY January 22, 2006 Orlando Sentinel

I see where some home builders say 2006 is going to be an even better year than 2005 for housing.That is nonsense.

"This is not the time to invest in real estate," says local economist Hank Fishkind.Adds Kevin Fritz of the Orlando Regional Realtor Association: "That time is over where it is a great option to buy for resale."

We have gone from a housing market considered undervalued only a short while ago to one that now is edging into the risky category. Click link for more information.