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Real Estate: The Big Question

10/29/06 - 07:47 AM EST

Terry Savage

In short, without some extremely and unexpectedly good economic news -- or a quick resurgence of inflation -- the housing market has little reason to turn around, and buyers have little reason to push prices higher.

It's a classic case of reality entering a market that has been moved to extremes by emotion. If you're a buyer, you can sit back and pick your spot -- unless, of course, you have a home to sell first! And that's The Savage Truth.

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Terry Savage is an expert on personal finance and also appears as a commentator on national television on issues related to investing and the financial markets. Savage's personal finance column in the Chicago Sun-Times is nationally syndicated, and she released her fourth book, The Savage Number: How Much Money Do You Need? in June 2005. Savage was the first woman trader on the Chicago Board Options Exchange and is a registered investment adviser for stocks and futures. A Phi Beta Kappa graduate of the University of Michigan, Savage currently serves as a director of the Chicago Mercantile Exchange Corp. She also has served on the boards of McDonald's and Pennzoil.

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