The green leaves may have turned brown and fallen to the ground, but I am reading about all sorts of "green shoots" today that we should all be paying attention to. Just remember, these are like the green shoots of crocus--sometimes they emerge during momentary thaws in the winter, only to retreat again until spring officially arrives.
If you read my blog post about The Future of the Real Estate Market and Why, then you know that there are several factors that are pointing to downturn in the real estate market next year. Two of those factors, unemployment and the effect that has on mortgage payment delinquencies, and the likely increase in mortgage interest rates when the MBS Buyback Program expires, are showing some positive signs today.
