Good News! Good News!

How starved are we for some good economic news? Here's the headline and lead sentence of a story in some papers this morning: April 29, 2009 Signs hint home prices hitting bottom By J.W. ElphinstoneThe Associated Press NEW YORK -- In another sign the housing crisis could be reaching the bottom, home prices dropped sharply in February, but for the first time in 25 months the decline was not a record. Wow! Imagine that! We're still in the gutter, but the rate at which we're sinking into the mud isn't a record! Hooray!!! Actually, two houses have gone on the market on my block in recent months, and both sold in a matter of weeks, so I'm not personally feeling the real estate disaster. But it was close. I can't tell you how many times in recent years I considered buying an investment property. Hey! Interest rates were really low and values kept increasing...there, as they say, but for the grace...Actually-- especially for first time buyers-- this really is a great time to get into the housing market. They don't have the burden of selling a suddenly much less valuable home, and interest rates are great....