Even though every nook and cranny of the housing market is draped in doom and gloom, it may be a good time for potential buyers to take a contrarian look.

I’m not minimizing the risks in the housing market, because they’re very real in many locations. Nor am I predicting any sort of miraculous turnaround in the next six months, since I doubt that we’ll see that happen. But I’m still a believer in the long-term viability of housing as a solid investment if you buy at the right price. This has me thinking that the current shakeout is in fact creating an interesting sweet spot for first-time homebuyers to at least start checking out the market. Read More…