consumers: Housing Market Predictions: We've Heard Them All, Except the One That Matters ... Yours!
- 11/17/09 04:51 AM
Housing will not fully recover until 2012. That is when the glut of backlogged foreclosures is expected to be phased out of the market. Housing will recover by the end of the year. Now that inventory has contracted to average levels for what constitutes “normal” regional markets in major metropolitan areas where prices have declined as much as 50% in the past three years, and month to month sales have steadily increased over the past six months, demand has realigned with supply to arrest the freefall in values. The housing recovery began in early 2009. Median price increases in … (125 comments)
Housing will not fully recover until 2012. That is when the glut of backlogged foreclosures is expected to be phased out of the market. 
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