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This Indicator Says Home Prices Are Nearing a Bottom
I ride my bike to work, always taking the same route. I pass the same 100 or so houses every day. This week, I noticed two new properties have come on the market. One of these houses is on the beach. The owner has posted a large billboard on the curb. "Foreclosure Sale," it announces. "Online Auction."
Every week I see new for-sale signs along my route. This is the first auction notice I’ve seen. And although it’s an ugly, worn-out old house, it’s on prime beachfront property.
Most Americans gauge real estate using the same process I use on my…
6Apr2009 | Stansberry and Associates | 0 comments | Continued
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