Just about every day people ask me: “So how long is this down real estate market going to last? Where’s the recovery?” They’re surprised when I tell them that in some markets, the recovery is already under way. Consumer attitude often lags behind local market data. You see, there were lots of market indicators as far back as 2005 that the bust was on its way. Despite the fact that inventory on the market was increasing, prices floated up well into 2007. But there came a point when the “market data came home to roost.” And when it … (2 comments)
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