In the last couple of weeks I have been reading that we have hit bottom and things will get better. I want to believe it but I don't.
Activity has picked up in the housing market but the prices have gone down, there are too many foreclosures and there are two many people who want to sell but can not because they owe more on their homes than they can sell them for.
Yesterday I learned that yet another one of my neighbors has been laid off and I see so many for rent or for sale signs in the vacant store fronts and office spaces around town.
Local restaurant owners tell me that business has been down. and I notices signs in front of businesses offering "economic incentives".
I am no expert but I am not seeing any signs of improvement in the economy. I don't think my neighbors are either.
As for the housing market it is what it is. A good time for buyers if they have a good job and are in a position to buy a home. A bad time for sellers unless they have equity. Many of the sellers do not have enough equity to accept the low ball offers that buyers are making and buyers will only buy if they think the home is a bargain.