November 8th, 2008 6:14 PM

By this summer, 2009, we could see the housing market change. Buyer's need to be keenly aware and watching how many homes are on the market as well as watching what interest rates are doing.  Sellers need to start now so they are ready when the shift in market values change

The following article is fascinating and reflects what we believe will be happening in 2009. We hope our crystal ball is correct, and our nation’s economy is improved.

In ReportOnBusiness.com, DAVID PARKINSON, reported that Alan Greenspan said "The bottom of the financial-market downturn could still be several months away and will hinge on a bottoming of the U.S. housing market."

Mr. Greenspan said housing values might have another 5 to 10 per cent to decline before they bottom, “sometime in the first half of next year.”

He added that a turnaround in the stock market will also be a key, as an upturn in equities would automatically offset the levels of debt on the global balance sheet.

If the value of equity goes up, that amount of new capital is available to be dispersed almost anywhere.”

Well, I would add, only if lenders are willing and able to move forward. Whether you are a buyer or a seller, be prepared.  

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