You need to read this article, it gives some good info on what are future looks like in the next 2-5 years. Â Foreclosures are going to keep us level for quite a while. By JAMES R. HAGERTY at WSJ More waves of foreclosures will keep downward pressure on home prices in parts of the U.S. [...]
Home Builders Expect Construction Recovery – WSJ.com
By JAMES R. HAGERTY And DAWN WOTAPKA LAS VEGAS—Housing construction is expected to rebound this year from the severely depressed 2009 level, but the market remains fragile as foreclosures continue to rise. Builders are likely to start construction on 610,000 single-family homes this year, up 38% from last year, according to David Crowe, chief economist [...]
Improving Home Sales Belie Market Reality – WSJ.com
By PAUL VIGNA The housing market has come out of its tailspin, lifted by falling home prices, low mortgage rates and an $8,000 federal tax credit offered to some first-time home buyers. But stability, to say nothing of strength, still looks a long way off. The National Association of Realtors is expected to report Friday [...]
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