Mad Money's Jim Cramer Predicts Market to Bottom Out by July

Posted: May 8, 2009 | Categories: News
By Highland Homes

It's unbelievable, but economists actually have good things to say about the housing market! And, positive news regarding the housing market is positive news for the economy in general, since so much of the current state of the economy is due to the housing market.

Well, what exactly was said and who said it?  Jim Cramer, who hosts CNBC's Mad Money, predicts that the housing market could bottom out by June 30th or maybe even sooner. For over a year, we have seen housing prices drastically fall month after month after month, but that momentum seems to be slowing greatly. And, if we are no longer falling, then we must be rising. Cramer gives statistics and data to support his claims, and he even talks to a Florida home builder, Mori Hosseini, to get the opinion of someone actually experiencing the housing market.

Highland Homes is thrilled that the housing market and economy seem to be turning around. It does mean that home buyers should act now if they want to take advantage of the great deals and low interest rates currently available on Florida new homes. However, whether we are in a buyer's or seller's market, you can count on Highland Homes to deliver exceptional quality homes at an affordable price. The state of the economy does not impact our customer service or our standard of quality.

Tags: Real estate market Jim Cramer