Appraise This

Here is my thought of the day:

We are hearing about real estate markets bottoming out, stabilizing, beginning to recover...  I like the news, I really do.  But is it real?

If you add an $8000 credit to favorable FHA financing, do you get an inflated sale price?  Do it times 10 or 20 and do you get what LOOKS like a stabilized market, but is really just propped up values due to Government intervention?

Look carefully at your markets, my wise friends.  And beware the credits and favors and concessions and 100% financing...