The Housing markets go around

Every time there is an upswing in market, the experts cheer it as a sign of economic rebound and if there is a downswing, there is all talk of gloom and doom. This housing market will remain such as long as there is a shortage of jobs and people are not confident about investing a huge chunk of money into their biggest investment of their lives. So it is useless to lose your sleep on the monthly ups and downs of the housing statistics (like new housing starts, existing home sales etc), although if you are working in that field, you do ponder over it very closely.

Although many people will disagree with me regarding whether to put their money in the housing market for the near future, but I still believe that the real estate market is the best long term investment you can make. Although you have to be careful not to overpay for a house, but still there is land and farms to invest and if you want income from your house, you can rent it out since renting is now the new form of investing without getting yourself emotionally or financially tied to your home. If I had or have some extra money, I would rather buy a land or a farm or both with houses or without houses on it and watch them appreciate in price overtime. So my advice to you is that housing market will not improve overnight and there are places where it will take more years to sort out the foreclosure mess and job markets but when its done, you will see growth in that markets which will real and sustainable over a period of time.