There is a Chinese proverb that states, "May you live in interesting times." It is often argued that the word interesting is meant to be a synonym for turbulent or dangerous. This phrase hits the bull's-eye given the current state of the financial markets.
While stocks and bonds are swinging around wildly there is good news. Interest rates for conforming and FHA/VA loans are still in the 6's, historically low by many standards and the funds are widely available. In addition, the National Association of Realtors has projected home sales will move in a narrow range and improve throughout the year.
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