Hi All,

Here is a post from Barbara Rockefeller Currency Blog to the state of the US Property Market

Worth the 5 minutes reading time

Also taking this stance is IMF Deputy Director Lipsky, who says “there is still no obvious reason to expect the global economy to go into recession,” according to Market News. “Lipsky told Financial Times Deutschland that housing prices might now be experiencing undershooting and that risk aversion may have become too pronounced. Industrialized economies will be in a very ‘sluggish or nearly stagnant phase’ in the second half of this year, but a ‘gradual recovery’ will proceed in 2009, he said. ‘This, however, will not be able to dispel quickly the financial tensions,’ he added. Lipsky suggested that asset prices had dropped more than fundamentals warranted: ‘After years of overshooting of asset prices and of too-low risk perception, we may now be seeing a kind of overshooting of the prices and a too-strong risk aversion.’ “Still, he said, ‘We are operating on the assumption that next year we will see an end of the decline of asset prices.’ In particular, the US housing market ‘will bottom out in the course of the first half of 2009,’ he predicted. ‘The considerable decline of US housing prices is slowly resulting in the indices for the affordability of housing returning to levels that are reasonably normal.’"

Note that this match Jim Cramer’s forecast of the house price bottom in June 2009.

Read the Full story click here US House Prices Bottom June 2009

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Damian George

Buy Euros - Best Euro Rates

Hi

Thats really a nice news........ Inflation period has created many financial disaster.

Thanks

Interesting article. I really need to read up on the depression in the 30s though! Things look pretty bleak from what I can see, but I don't have a reference point to be able to make a good judgement

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JessicaTam
Condo hotel conversion investment in the Southern Caribbean

That's a good article. Summer 2009 will be a good time to enter the market.

oh really its very good news. i think everybody is waiting for 2009.
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hello
i am happy that boom is about to come in market.

this article shows the one excitement for investor. due to inflation there are some problem in market such as i funding problem , mortgage problem.
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Hi,

The article was good. All are waiting for 2009 to turn out good and there is a boom again in the market .

Thanks,

Aaron James

The housing market will recover. But we believe that there is a faster track than June 2009. We have before us a unique opportunity to bring the markets of energy and housing together. The technology is here. The public is ready to be a part of the solution. We're standing on the tipping point it's just a matter of whether we will follow thorough or not. StarCross has the wheels turning to create a completely solar powered, sustainable, energy responsible new home community.

We all just have to think outside the box we've been living in and replace some of the traditional ideals with proactive movements.