When will housing botttom

W

watchdaride

Want to get into real estate but waiting for the bottom. I live in Orlando where they said last month they had more forclosures than any other month .
So how can you tell when a bottom is close. I figure you make some formula with

forclosers per month
houses on the market listed
Amount sold for month


i gues it all comes down to supply ( forclosures, houses on the market) and demand (amount sold per moth) . May be make some sort of graph and when supply and demand line meet that should be the end .

Any suggestion on how to look at this ?
 
You might want to wait a year. A buddy of mine just got named Pres. of a local bank. I'll wait a year, then get with him for a rolling line of credit to snatch up all the foreclosures I can eat at one sitting.
I figger when a couple houses near me in TX are abandoned and the banks can't unload them it'l be time.
 
Quote from watchdaride:
Any suggestion on how to look at this ? [/B]
More...

Well the bottom is not going to be a V bottom like in some equity charts. Prices will bounce around for a bit at the bottom, you'll have plenty of time to get in. My guess is mid 2009 before we see any uptick in prices.
 
You must log in or register to reply here.
Back
Top