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	<title>EdAndriessen.com &#187; New Homes</title>
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		<title>Here’s Why I think We’re at The Bottom</title>
		<link>http://www.edandriessen.com/http:/edandriessen.com/2009/04/heres-why-i-think-were-at-the-bottom/</link>
		<comments>http://www.edandriessen.com/http:/edandriessen.com/2009/04/heres-why-i-think-were-at-the-bottom/#comments</comments>
		<pubDate>Sat, 04 Apr 2009 21:55:41 +0000</pubDate>
		<dc:creator>Ed Andriessen</dc:creator>
				<category><![CDATA[Change]]></category>
		<category><![CDATA[New Homes]]></category>
		<category><![CDATA[Mortgage]]></category>
		<category><![CDATA[New Home Sales]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Tax credit]]></category>

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		<description><![CDATA[About a month ago I noticed a change in tone about people's perception about the market.  I talk about why I think we are at the bottom of the market and what is leading me to this conclusion.  Anecdotal rather than factual, but still compelling.]]></description>
			<content:encoded><![CDATA[<hr /><a href="http://www.edandriessen.com/wp-content/uploads/2009/04/istock-000008384511xsmall.jpg"><img style="border: 0px none ; margin: 0px 10px 0px 0px; display: inline;" title="We're at the bottom" src="http://www.edandriessen.com/wp-content/uploads/2009/04/istock-000008384511xsmall-thumb.jpg" alt="We're at the bottom" width="244" align="left" border="0" height="243"></a></p>
<p>I have a newsreader (the thing that acts like a newspaper but with blog posts).&nbsp; I regularly follow approximately thirty different real estate and mortgage related blogs.&nbsp; If you follow my twitter posts, nearly half of them are about the content of these real estate blogs.</p>
<p>Over the past year, almost all the blog posts have been bad news.</p>
<p>- Pricing drops in nearly all geographic areas<br />
- Substantial home builders filing for chapter 11<br />
- Stories about massive foreclosures<br />
- Tales of woe, misery and pain</p>
<p>My conversations with my colleagues and network contacts were dismal and depressing</p>
<p><strong>About a month ago this started to change. </strong> Certainly there are still numerous examples and stories about the down economy, but I began to notice bog posts and news stories that I have not seen in quite a while.</p>
<p>Here are some of these posts just from last week:</p>
<p><a href="http://www.bigbuilderonline.com/industry-news.asp?referer=rss363&amp;sectionID=363&amp;articleID=916010" target="_blank">Sales of Existing Homes Rise, Fueled by Tax Credit</a> – Builders Online Blog</p>
<p><a href="http://www.bigbuilderonline.com/industry-news.asp?referer=rss363&amp;sectionID=363&amp;articleID=919215" target="_blank">New-Home Sales Rise 4.7% in February</a> – Builders Online Blog</p>
<p><a href="http://www.homesalesinsights.com/2009/03/signs-of-recovery.html" target="_blank">Signs of Recovery</a> – Homes Sales Insights Blog</p>
<p><a href="http://money.cnn.com/2009/03/26/real_estate/California_comeback/index.htm?postversion=2009040311" target="_blank">Signs of Life in California Real Estate</a> &#8211; CNN Money Blog</p>
<p>WHAT’S THIS?!? Phrases such as, “Rise”, “Recovery”, “Signs of Life” in blogs posts? Prior to this week, I had not seen blogs posting with these words.</p>
<p>Are there problems? Absolutely, most of the blogs are still talking about the problems, however there bits and slivers of positive things are starting to creep into blog posts.</p>
<p>And I have seen more of it in the past week than in the past year.</p>
<p><strong>Do we have a still more to go?&nbsp; Yup.</strong></p>
<p><strong>Do I think were at the bottom? Yup.</strong></p>
<p>&nbsp;</p>
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