Has Housing Hit Bottom?

I watched the Today Show 3 weeks ago and Matt Lauer interviewed Barbara Corcoran (multi-gazillionaire investor in New York City) and was asking her if the housing market has hit bottom yet?

I thought this was an interesting question and kind of chuckled because of course I knew better; "Of course it hasn't!", I yelled at the television screen.   Or has it?

Then for the 3 weeks following this interview, positive economic news has come out: 1) more new  home buyer traffic in model homes reported by builders (highest volume in 3 years!); 2) 5 weeks in a row of declining initial unemployment claims; and 3) a possible resolution to the European economic  crisis announced today.

Because more economic indicators are pointing to the inevitable fact that we MAY have hit bottom (halleluja), I revisited the Matt and Barbara interview online and listened to her answers again.

Your credit monitoring program WORKED! It got us into our home-Closing 9/12/11

Marty, you began working with us 14 months ago and thank you for introducing us to your credit monitoring program!  It worked!   

You were persistent, you helped with our abundant questions, you were easy to contact and we loved how responsive you were to our texts and phone calls!  

We appreciate how friendly and nice you are!  Please thank your processing team for helping us with the Grant Program through Sunset City because that made all the difference in us getting in the home we wanted.   

Your processor, Kelsi, is awesome!  

Zach and Riley Foster, Closing 9/12/11