Will Real Estate Now Find A Bottom?

In brief, here are a few points summarizing expert opinion regarding the government bailout bill and it's impact on real estate and the housing market:

• Housing markets should begin to find a bottom because the bailout bill will go towards building consumer confidence.


• Interest rates should remain low and relatively speaking stable.


• Foreclosures should begin to subside since it's believed that the government will make a concerted effort to "work out" more favorable loan terms for homeowners on loans in the mortgage portfolios that they have taken over from the bank.

Most experts believe the housing recovery will not happen overnight. The effects of the government bailout package will take time to enact and to infiltrate the market. Short term, it's believed that improved consumer confidence will go a long way towards beginning to stem the bleeding.