Cramer, with his crazy attitude, is declaring the housing bottom is here.  He specifically addresses some of the hardest hit areas like Florida.  He talks about banks holding mortgages, new home builders, foreclosures, and the $8000 first time home buyers program.

A good video with a lot of good info.  Main take away: He believes, for the most part, depreciation of homes is coming to an end in most places.  He isn't calling for appreciation, however I think all Jacksonville home owners will be glad to get away from the value free fall.

How does this affect waterfront homes in Jacksonville?  Every area of the housing market has been hit hard.  Waterfront homes have dropped in value, but many times the drop has been necessary to bring the price back in line with a true value for the waterfront home.  That being said, waterfront living is a true passion, a lifestyle, and those that decide they want it, they go get it.

Is he right?  The summer will tell!

Posted by Brad Officer on
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