Quote:
Originally Posted by Taz
During my adult years It happened more than once. I am now in my third home purchased in an area and time when the market was not experiencing a boom. The first 2 were purchased in a down market after corrections and sold when the market increased after being down.
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Taz, you are correct. We can recall at least 2 or 3 corrections in the real estate market in our time up here. Each time, the market has recovered and gone higher than pre correction. It’s cyclical, and it’s almost inevitable that another correction will be here sooner or later. Today’s prices are just plain crazy....wonderful for those wanting to sell....but you are probably right in your prediction that there will be people under water with their mortgages, sad to say.