Wednesday, August 11, 2010

Real Estate Bottom Coming Soon? Nope. You Already Missed It.

This article was posted today on the Bloomberg website, stating that housing prices rose in many markets last quarter.  The Van Eck Tillman Real Estate Hotline that I read weekly stated last summer that we had seen a bottom in real estate.  I have been reading Adrian Van Eck's stuff for well over a decade, and my father (a very successful investor in his own right) read him for years before that.  So, it's safe to say, whatever he writes I am listening to.  This article on Bloomberg is just further confirmation that many of the talking heads on the TV either don't do their research, don't know what they are talking about, or both.

http://www.bloomberg.com/news/2010-08-11/home-prices-increase-in-100-u-s-cities-as-tax-credit-helps-boost-demand.html

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