What will it be, well in my humble opinion I think we hit bottom in Arizona in July 08. We will continue along the bottom past the election and into early 09. I do not think we will see 62% appreciation again anytime soon but we will bounce back. Banks and world markets will stabilize, homes that are foreclosing will get bought up and the resales will be more in demand and prices will go back up. Long story short, prices right now are very low, banks will be lowering rates in the coming months and we will be OK people, just hold on. Now for my market perspective.

The stock market has been taking bullets in the past months and rightfully so. On the other plus side as of the date of this post 10/08 the housing market is up 10.7 % in Phoenix. I for one do not agree with the experts who play the blame game. Lets face it the Democrats led the charge with sub prime lending and American dream was perpetuated by the greedy bastards on wall street, lend money to whomever under any circumstances, liars loans or stated loans became the norm. Many lenders jumped in on the refi boom, tearing peoples heads off and not caring that they would never see those people again because there was a line out the door waiting to get in and refi. Easy money and careless spending are we American's specialty and we are constantly looking for that next easy handout. We need to centralize our posture, become the super power that we claim to be and turn our selves and our attention to this country. Put people back to work and lets take this country back from the fat asses on wall street and in Washington. My grandpa once told me "Politicians Love Unarmed Peasants" Arm your selves with intelligence, read the constitution it requires and informed citizenry. The defining moments in peoples lives happen every day, follow my advice help those who need help and be true to yourself. Happy Holidays America!