Are We On The Road To Recovery? Some Housing Experts Say Yes

Real Estate Agent with HomeSmart Realty West BRE #01786169

Some of the nation’s top economists believe the housing market has turned and better days are on the way for the housing industry.

  Increases in jobs, credit, and affordable homes will overcome impediments such as rising interest rates, and the expiration of the Federal stimulus program to push the housing market toward recovery, says Dean Maki, chief U.S. economist for Barclays Capital.

  “I would bet even odds that we’re at a bottom and that we’re going to see improvement in the coming months,” says Karl Case, co-creator of the S&P/Case-Shiller Home Price Index and a professor of economics at Wellesley College.

  “The underlying trend is turning positive,” says Bruce Kasman, chief economist at JPMorgan Chase & Co. 

It’s nice to see some psoitive things being reported for a change. That sure can’t hurt anything.

Comments (1)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Be careful not to be too far out in front on this one.  We hope we have turned the corner.

Mar 21, 2010 05:48 PM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?