Jay Emerson

Over history, 76% of wealth has come from owning (not selling) real estate. And in this market, flipping in short durations is not going to produce much profit.

Home Sales momentum crossed beneath zero at August 2005 coinciding with the marked decrease in Sales in January 2006. Momentum hit a bottom in December 2007 indicating the Sales spiking in March 2008. And momentum is still positive.