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Housing Market: About to SPRING Back
Home Sales...
Home Prices...
There is a lot of buzz in the news about these two topics. Home sales are clearly up across the country. In our area there are multiple offers on entry level houses in good condition that are priced right.
Home prices have probably hit bottom. Buyers are out. Larry quotes some top level sources for his conclusions.
Housing Market: About to SPRING Back
I firmly believe that 2012 will be the year that home sales start to climb again. Over the past thirty days, more and more experts are saying the same thing.
Jamie Dimon, JPMorgan Chase CEO
“I believe we’re very close to the inflection point. People look at prices that are still coming down but all the other signs are flashing green… You could come up with a pretty bullish case (for housing).“
Frank Nothaft, Freddie Mac chief economist
“Even the housing market is showing some signs of shaking off the depression-like conditions that have plagued it for much of the past few years.”
Goldman Sachs Group
“Stabilization in U.S. housing fundamentals is creating an attractive investment opportunity. Many of the ingredients are in place for continued improvement in housing.”
Lawrence Yun, NAR chief economist
... more

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