Over past few months i have been quiet interested in real estate business. A old friend of mine is probing me almost every day to be part of this very lucrative business. The “green dollars” are a big tempt and nice entrepreneurial business.
In order to see if this could further catch my eye i dived into the net to find few facts and articles to satisfy my curious brain cells. In this process i came across an article on Cnnmoney "Home prices: More pain to come"
It was shocking to read that home prices are dropping down at a speed of an arrow. The article stated that National Association of realtors quoted that in may 2007 home sales and price were below projection and if the prices fall further as predicted, it would be a record setter in nearly 40 years...
wowoow man that is scary to hear, it will take more than a year for the housing market to get out of this blow.
The way I look at this is the regular mountain and valley patterns in any lucrative business.
Is this just another bubble, should people buy house or invest in this business now for future gains, where is this trend going
blog your thoughts!!!
Sweta
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