Comments about ‘Housing bottom in sight, but recovery will be slow’
Glut of unsold homes and falling prices may dampen market until next spring
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I almost laughed at my desk, but then I noticed this was not a local story. No wonder.
Locally, we have some more correction to do. The only things worth looking at in the MLS are short sales, and banks are still clinging desperately to 2006-07 prices on those, so they're not moving.
The vast majority of people who could have bought a house in the past couple of years, ALREADY BOUGHT ONE. If they didn't, it's cuz they couldn't then (=DEFINITELY can't now), or they chose not to because they recognized a bubble for what it was.
Incentives are nice, but they're just a perk. They're not a good enough reason to get ripped off.
Home prices in Utah will drop another 30%.
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