housing makt still in the pits

[dellinger63]

Originally Posted by dalakhani

wait till the unemployment foreclosures start to hit.

The good news? In many major areas, average house prices are now at about 3-4 times income.

More good news? with rates below five percent, investors can buy and rent out places and make a profit again.

Real estate is local and its a shame people pay so much attention to averages.

Forget about averages. Averages are ajar because high end properties have decreased in value far less than med-low end real estate both commercial and residential, regardless of location.