Real Estate Hit Bottom?

As a real estate specialist we become knowledgeable of  the housing trends.  Many economist have preached that we have reached the bottom of the housing market.  I think we’re going to see another surge of foreclosure in 2010 due to the ARM adjusting from 2005.   This is inevitable because 2005 mortgage application was in record high as well as the housing market prior to the “crash”.  I’ve informed my clients that their’s no hurry in purchasing a property and more bargain is on the horizon.  Have we hit real estate bottom, I think not but real close.

Michael Carter
San Diego Real Estate Agent
MTC Future Realty
(619) 488-5774