As cities and states deal with declining real estate values and rising rates of foreclosure, at least we have the future to look forward to and its promise of prosperity and a better tomorrow. Or can we? Some of the projections I have been reading do not anticipate the housing market staging a turnaround until late 2009 or well into 2010. Once the market does begin to turn, it will be very gradual and probably be a non event. The reason is that the likely rate of appreciation could easily be … [Read more...]