Keep waiting!

The housing market in NOT going to improve anytime soon. With poor slow improving unemployment, foreclosures, bank regulations and financial constraints the housing market is doomed to death. Don’t buy anything unless you have money(cash) a really undeniably stable job and are going to stay for 5 years. The market has a long way to go to pull itself from sinking. It is no ones market! Keep in cash, keep debt low and be prepared for a rocky ride throughout next year. The election is the absolute pivital point of the housing market . Houses continue to go down, there is very little value that is stable in the stock market, and gold and gas are rising, this combination is only waiting for for one ounce of bad information to drop further. Foreclosures still out sell existing homes, and prices have been pushed lower, the good signs, inventory is dropping, interest is at record lows, and new homes are beginning to sell. Buyers with great credit are buying multiple houses, however rents are still weak in Tucson. There really is no good sign yet, keep waiting. You finally need to realize the house prices of 2005,2006, and 2007 are gone and will NOT return for twenty years. Be prepared to take a hit at some point.