A CNBC talking head made an interesting observation on certain market indicators today. A crisis has bottomed out when the media starts regularly reporting it exists. On Sunday, 60 Minutes looked at the foreclosure problem. Newsweek has the recession story on the cover.
End of the real estate “crisis?” Maybe the beginning of the end of the crisis.
St. Paul Realtor Teresa Boardman, who writes one of the region’s best blogs, has a street-level view to share today:
Activity has picked up in the last month. It always does in January. What I mean by activity is that more buyers are looking and sellers are listing. None of us have noticed an up tick in sales, but activity is a good sign.