If last year was any sign of what will happen this year, despite the media reports of doom and gloom, we are personally optimistic.
All the signs are pointing towards a housing turnaround. This morning, many of our real estate news sources had positive and encouraging things to say about the market. Low inventories, rising sales rates, historically low interest rates, and high affordability are working towards creating a balanced market.
This morning, Corelogic reported that housing may turn the corner this year. The Wall Street Journal reports that sales in the market are "stirring hope" but it is not quite as optimisic. And Inman News reports that sales ended on a positive note in 2011, but while it reports sales level increases, it is not reporting optimism in pricing.
On January 16 we issued our predictions for the market for 2012. Our predictions are consistent with the variety of news sources. Will we/they be right? Who knows? What we DO know is that we are seeing positive signs, personally, in our local West Savage and Scott County marketplace.
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