THE HOUSING RECOVERY PROCESS - WHERE ARE WE?

By
Real Estate Agent with ROSSMOOR REALTY DRE#00512940

TRULIA'S CHIEF ECONOMIST JED KOLKO RECENTLY CAME TO THE CONCLUION THAT WHILE NONE OF THE FIVE MEASUREMENTS IN TRULIA'S HOUSING BAROMETER ARE BACK TO NORMAL,MOST ARE MAKING PROGRESS.IT'S BEEN THREE YEARS SINCE PRICES BOTTOMED OUT IN 2011,AND WE ARE STILL VERY MUCH IN RECOVERY MODE WITH REBOUND EFFECTS SLOWING;HOUSING PRICES ARE NO LONGER SIGNIFICANTLY UNDERVALUED AND THE INVESTOR MARKET IS DRYING UP.

 

THE GOOD NEWS IS THAT MOST OF US THINK THINGS ARE ABOUT TO GET BETTER.REGARDLESS OF THE SLOWING REBOUND EFFECTS,THERE IS OPTIMISM IN THE AIR.ACCORDING TO THE TRULIA STUDY,CONSUMERS THINK 2015 WILL BE AN IMPROVEMENT OVER 2014 FOR ALL REAL ESTATE ACTIVITIES,ESPECIALLY FOR SELLERS.

 

Comments (1)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope you are enjoying a very productive summer.

Have an outstanding September.

Sep 08, 2020 06:52 AM