You’ve read the headlines. Housing is down and, in many markets, there seems to be no end in sight to falling real estate values. Foreclosures have kicked the bottom out of the housing market, and so many people are upside down in their homes that it seems crazy to even think about diving into housing as an investment.
But remember: What goes down usually does come back up.
True, the sustained drop in real estate values has scared the majority of investors out. But that doesn’t mean you shouldn’t at least consider the possibility that the sickening decline may be nearly over. (more…)