In the article, it pointed out the fact that while there is a lot of current press and anxiety about the housing crisis intensifying, most forget or are not aware that it is in fact part of a long cycle that began back in 2005 and is just now bottoming out in 2008.
We will start to see the upside of the curve, as most of the factors that were having adverse effects are in the process of correcting themselves.
The bottom line is affordability, based on a combination of price and cost of ownership (mortgages, etc.).
We will not see sudden changes as it has taken time for the trend to reach it's current point of adjustment and it will take time for it to complete it's recovery, but it is underway.
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