Last week I got to hear a presentation by Brendan Lowney of Economic Advisors,aptly titled “Groping Toward a Housing Recovery“,which I think is a perfect way of describing our current housing market,so perfect,I borrowed it for the title of this article. Mr. Lowney began his presentation with a very sobering statement,[...]
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 | Dennis Norman At the National Association of REALTORS® Conference and Expo in New Orleans today,“a slow,steady recovery”was predicted for the housing market despite ongoing challenges. Lawrence Yun,National Association of Realtors® chief economist,said that he expects “continuing improvement of underlying fundamentals of the current market in coming years.” [...] In the current unstable real estate market,we hear reports from the National Association of Realtors and many economists that the real estate residential housing market is stabilizing. This is based on several factors including recent price increases in several metropolitan markets,an increase in pending contracts of sale,and increase in overall residential market [...] | ||||
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