Watch: Signs We've Hit the Housing Bottom

For nearly two years, economists and real estate experts have been on the lookout for the bottom of the housing market. That time is here, says Russell Price, a senior economist with Ameriprise Financial (AMP), a financial services company.

Price spoke with DailyFinance to explain why the decline in real estate is just about over, where rental rates are going, why rising interest rates are a good thing, and why American homeowners who bought during the bust will be in a strong financial position in the future.



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dd21

Its here, its really here..

June 23 2011 at 4:23 PM Report abuse rate up rate down Reply
mimsysc

I wish I could believe this guy,,, but its not done dropping,, maybe if we say it enough people wont notice they have no job and buy a house, or heaven forbid, try to keep the one they have.

June 23 2011 at 12:48 PM Report abuse rate up rate down Reply
dachbackworld

If you realy owned your home dont you think you should be able to do what you wish on your property. Gues what you can not. Make a car repair shop on your property that is not comercial property, or any buisiness as that if you can not conceil it inside where no one can see it. All it takes is one neighbor bitching and the county comes nocking at your door telling you not to do that your not zoned. Dont forget also that here in minnesota when we buy property we do not keep mineral rights. My land my ass. Our big Government and all its cronies that hang out at the BOHEMIAN CLUB every year own every thing, and it is not just in America any more because the play the big field called the world. They go down and figure where and what buisinesses are going to thrive and dive. Which pockets are going to get lined by tax payers money. Which company gets to manufacture trillions of dollars of weapons and they all get to figure it out behind the curtains. All the way to who the president is going to be. We the people dont even get to choose our own president any more, they got things so complicated it confuses the pole computers counting ballots.

June 23 2011 at 10:49 AM Report abuse rate up rate down Reply
dachbackworld

Funny thing is we dont realy own our homes any way. They are government owned and we pay the lease on them every year. If you dont beleive me stop paying your taxes on your home. The government takes your lease back and sells it to someone else that can afford all the luxuries that you built on it and with it. Kind if like a double tax system. Go buy wood and hardware and you pay taxes after it is built you get to pay more taxes.

June 23 2011 at 10:37 AM Report abuse rate up rate down Reply
dachbackworld

This is not true i hope, because this is the best making homes affordable plan that any president ever had. The econemy keeps sinking banks keep loosing payments they can not afford to keep these cheap homes themselves. So quit making your payment and save that cashand make sure you make it to the forecloser auction of yourhome and buy it back for fractions on the dollar. You dont owe that conglomerate crooked bank any more money help them shut there doors. Government will quit bailing them big boys out sooner or latter. Now do your part stop making your house payment.

June 23 2011 at 10:34 AM Report abuse rate up rate down Reply
JANE BAIRD

Don't believe a word this guy says. Period!!

June 22 2011 at 11:38 PM Report abuse rate up rate down Reply
fkflintstone

Love these stories about how things are just about to get better as things continue to get worse by the day.The economy sucks and will not get better until Obama and his buddys are looking for a new job.Obama made things worse and he's happy about it becouse he keeps doing the same things to keep the economy in shambles

June 22 2011 at 9:18 PM Report abuse rate up rate down Reply
Fed up Senior

Well, let's see.....Unemployment going up. For you Senior Economists, that means no money to buy houses. Foreclosures are up. Again for you Senior Economists, that means more inventory at lower prices. One of the recommendations, for preparation for a double dip recession, is not to buy a house unless you are totally convinced that your income is secure. For you Senior Economists, that means some of your own financial seers are saying, "Don't buy." The misery index and consumer confidence are both at an all time low. For you Senior Economists, that means we, the little people, don't believe a word you say. I'm sure Obama and the HuffPost will give you a pat on the back for a good effort, but that's all it is. What a crock of crap this guy is putting down!!!!!!!

June 22 2011 at 8:24 PM Report abuse +1 rate up rate down Reply
1 reply to Fed up Senior's comment
patdelb4

Very good, this is the way most of us Seniors see it, except the ones that say Obama is doing a great job, when we know as a fact that Obama is NOT a Leader, he is just a speaker and traveler that likes to spend and give away our tax dollars to foreign countries instead of getting our own house in order.
Did someone say Stimulus, another failure that was to help create jobs...
Did someone say Obamacare, another failure with waivers when everyone was to pay into it...
What was that Palosi said was" Lets get this Health Care Bill passed so we can see what is in it"

June 23 2011 at 12:41 PM Report abuse rate up rate down Reply
patdelb4

We're not at the bottom yet we still have a ways to go don't be fooled by these so called know it all people.
Economy in the toilet,No Jobs,more and more people losing their unemployment benefits since they have been exhausted,more people going on welfare,No future of jobs from either Republicans,Democrats or Obama, but take note how the Obama's continue to circle the globe with their onterage whether it be the family or just the President and contimue to give money away to foreign countries, spend that money here if your going to spend not in other countries.
What does that show for the President and his wife to continue to spend abroad.
Support the United States ...

June 22 2011 at 7:02 PM Report abuse rate up rate down Reply
curtismrbig

No jobs, No house, No recovery.good days are gone.

June 22 2011 at 1:27 PM Report abuse -1 rate up rate down Reply