Cryer says Shiller correct about mixed signals

“I truly believe, if we are nto at the bottom…the anchor is dragging along the bottom,” Cryer said. “It may bounce up or it may go deeper. But if you have the opportunity to be a buyer now, I could not imagine a better time to buy. We have historic low interest rates, and prices, in some respects, are where they were 10 years ago. And the credit markets have made it so tough to qualify for a loan, there is still not much competition for (the move-up and beyond) houses. It truly is a perfect storm for buying.”

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This entry was posted in Bottom of the market, Case-Shiller, Denver Housing, Kentwood Co., Robert J. Shiller, Thomas Cryer. Bookmark the permalink.

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