SignOnSanDiego.com > News > Business — U.S. housing seen showing more life in second half
In California, where home sales tumbled 23 percent in 2006 and could drop another 7 percent this year, “the worst is over,” said Leslie Appleton-Young, chief economist for the California Association of Realtors.
Median home prices in the state could slide 2 percent this year, with inland inventories of unsold homes lingering on the market, she said.
“All that being said, I never subscribed to the bubble argument anyway so I’m feeling pretty confident about 2007,” Appleton-Young added.
“Remember we’re going from a market where you couldn’t afford not to buy. Rates were so low, and prices were appreciating 15 to 20 percent, you just had to do that deal,” she said.
I’m confused. The worst is over, so now is a good time to buy.
But wait, they never said when it was not a good time to buy!
But wait again, before you couldn’t afford not to buy. Does that mean now I can afford not to buy?
Regardless, I’m just glad to hear that the worst is over.
Let’s all work together! I want to see 1br/1ba condos in Mountain View for $500k this year! Together, we can do it!