The Lyons Den

Just kidding. We are only in a buyers market for REOs and some isolated high end markets. We are in a “wait and see” market for any other property. BUT we will be in a buyers market once a major news organization breaks a story with the above headline.

“By Ilaina Jonas and Ben Klayman NEW YORK (Reuters) – Hovnanian Enterprises Inc’s (HOV.N: Quote, Profile, Research) chief executive said on Thursday he sees a challenging U.S. housing market for the next two years, but weak demand should bottom out…”

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Tags: buyers market, housing, housing bottom

This entry was posted on February 22, 2008 at 6:49 am and is filed under Business, Mortgage, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.