Find Yourself A home, the housing market is in the toliet

freshome.com
Today is an active day, their is just so much for me to catch up on and study for. Why study when you can be in the Lab reading the news.
For years everyone has said houses in Florida, New York, Las Vegas and other states were overpriced & artificilly inflated. During this same time period everyone new there was a housing bubble. What do all bubbles eventually due...BUST. How are all these analyst suprised, did they just assume prices were going to continue to go up until all houses where unafordable for the middle and low income groups? As everyone knows know, the housing bubble has exploded. Screwing those who are trying to move, assessing equity, taking equity out against their house, and Investmant banks.

“Home prices continue to fall, decelerate and reach record lows across the nation,” said David Blitzer, index committee chairman at S&P. “No markets seem to be completely immune from the housing crisis.”

Blitzer said all 20 cities S&P tracks have seen falling prices for five consecutive months when compared to the prior month. What’s more, the declines are growing in severity, with 13 of the 20 cities reporting their biggest single monthly decline in January.

Pava Leyrer, president of Heritage National Mortgage in Detroit, said the tightening of loan standards has compounded the problems of too much inventory, foreclosures and worries over the economy.MSNBC

On the upside, houses are more affordable, you just cant get a loan right now. Dont let that stop you, go to a new developement. Look for the street that has the most empty houses. Choose a house that is located halfway down the block, and move in. I am sure you can get at least 2 free months of rent. When they kick you out or the authorities come, just use the last name of the builder and say you are their half brother/Sister. By the time they come back to kick you out, you will be able to find another empty house in another development. Good luck