Even though the market continued its decline, the pace of that decline has slowed. Listening to financial news it seems as though the markets are improving. Apparently corporations have lots of cash sitting on the sidelines waiting to determine the direction the new congress will take. Many businesses are reporting substantial profits having cut expenses for the last two years. We are certainly primed for a recovery. Accurately forecasting the peaks and troughs of the markets are very difficult. I believe we are near the bottom and perhaps past it. I will advise my clients to buy. Interest rates will increase over the next twelve months. I believe the best time to buy real estate is now.
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