There's no mistaking the housing slump for a much-needed market correction. Speculators are wary and sellers have finally accepted it is now a buyers' market, after years of soaring prices and bidding wars.
Diana Olick asks economists and mortgage lenders if the housing market’s landing will indeed be a soft one -– and whether it will make more sense to sell or invest in 2007. In either case, buyers will be looking at some bargains for most of 2007.
(And be sure to check out Diana's blog for her ongoing industry reports.)