Family Given a New House And Other Housing News

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.)

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