The odds there are probably as good or better than one’s chances to “time” the bottom of the real estate market.When will we reach “bottom”?… (We’ll know in 18 months)Bank of America is exiting the wholesale mortgage business.Nourel Roubini is among the greatest advocates for the “sky is falling” perspective (backed by fundamentals)The bubble blog describes the “crash”But … when it all shakes out, one thing will remain the same – Real Estate Is LOCAL.When an agency like NAR or HUD issues a press release about real estate, it does so with a spreadsheet and a bevy of easy-to-regurgitate statistics…. It will be a home that exists in one state, in one town, in one neighborhood, on one street and that has its own character and economics.And that’s why, in many if not most cases, reading your local real estate blogs will frequently bring better, more applicable analysis.*Days on Market clearly is inaccurate, and I don’t know why.

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