Today on MyMoneyLife with Chuck Bentley

Don’t look now, but there are signs that the housing market may finally have hit bottom and things are starting to turn around.

Now, don’t get me wrong, we still have a long way to come back, and if you’ve been trying to sell a house, well, you know what I mean.

But CBS-MarketWatch has uncovered signs of a possible housing recovery.  Now, here are the Top 3 indicators that they found:

1. Before the bubble burst, San Francisco was the hottest real estate market in the country, and it lost 53% of its value when the market collapsed.  Now, the 7 counties of the San Francisco bay area have posted a tiny—but a positive—1% gain in value.

2. The real estate industry measures the inventory of unsold houses in months—the average number of months that it takes to sell the available homes.  A little over a year ago, California had a whopping 15-month supply—now it’s below 6 months, and that’s close to the historic average.

3. There’s still a bunch of houses for sale in Las Vegas—something like 22,000—but the city recently posted one of its best months ever for home sales—and analysts say it could be a record breaking summer for sales in Las Vegas.

Now again, we’ve got a long way to go before the damage caused by the subprime mortgage crisis is corrected, but at least there are signs we’re heading in the right direction.

For more advice to help you manage money wisely—according to God’s financial principles—I hope you’ll visit us online at Crown.org.

Purchasing a Home

Housing is generally the largest item in a budget and often causes the largest budget problems.

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Housing Facts

Certified housing counselors provide comprehensive services to help consumers achieve their housing goals.

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What Sort of Home Should I Buy?

You may be sure of the kind of home you want now, but think about the future as you begin your search for a new or different home.

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Owning vs. Renting

Obviously, if a family can afford to buy a home, this is by far one of the best investments available.

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Other Resources:

• ABCs of Money Package
• Career Direct
• God's Principles for Operating a Business
• Business By the Book
• Crown Mvelopes