Back in May 1933, about 3.5 years after the Great Depression began, investment luminary Dean Witter said:

“Some people say they want to wait for a clearer view of the future. But when the future is clear, the present bargains will have vanished. In fact, does anyone think that today’s prices will prevail once full confidence has been restored?”

These words have particular relevance for homebuyers and owners today, about 3.25 years after home prices began crashing and eventually led to what many economists have called the Great Recession.

Read the entire analysis in the PDF below:

2009-Q4 Is Housing At The Bottom.pdf