An article from Business Week and MSNBC.com, reports that spring is traditionally the busiest time for real estate, largely because parents, readying for a summer purchase, don't want to move during the school season. With the housing slump in its third year, many buyers are reluctant to take a chance on real estate in the face of continuing price declines, foreclosures, record gas prices, job losses, and general economic uncertainty. The news isn't all bad for buyers. For some the timing couldn't be better. There are lower prices in some markets that are making homes affordable for first-time home buyers and more attractive for investors on the lookout for fire-sale discounts. James Hughes, Dean of the Edward J. Bloustein School of Planning & Public Policy at Rutgers University said, "If it doesn't pick up this spring, then we'll have another year on the down cycle. If it does pick up, we'll have modest stabilization."
http://www.msnbc.msn.com/id/24245203/
