…rather than a “straight line“:
Three years ago the choices for entry-level buyers like Sarah Kiefer were so meager that with a budget of just $120,000 she all but gave up on buying a house.
The down market revived that dream.
This week, Kiefer will close on a Colonial-style fixer-upper in north Minneapolis with 1,800 square feet and a fireplace for $75,000.
Which, eventually and more or less inevitably, brings values (aka prices) back up again.
Just keep that in mind when you read the big-money-backed gloom and doom industry’s broken record proclamations of doom (which will supposedly stop the moment Barack Obama hypothetically gets inaugurated…).
Haha! So you think Obama campaign’s responsible for making up the bad economic news? Heck, they’re the only ones hiring!
That is not what was said, angryclown. Read it again. :-/