Thank you Extreme Makeover for the house you gave to a family in need. This Kansas City Star article will warm the heart.
The housing market had some mixed news today, as reported in the Washington Post
. In short, new starts were up, but permits were down. Folks, this is a natural correction, a needed one, that everyone will survive. You keep hearing that investors have lost money. I would argue that. Speculators have lost money. Investors will hold their properties taking advantage of all the new renters coming back into the market. Then, in a year, or two, or three when the market is hot again, they will sell. (Hopefully using the 1031 exchange where applicable.)