Where is The Real Estate Recovery Happening?
August 17, 2009 by admin
Filed under Positive Real Estate
Forbes says:
1. Miami-Ft. Lauderdale, Fla.
2. Lincoln, Neb.
3. Colorado Springs, Colo.
4. Salem, Ore.
5. San Luis Obispo, Calif.
6. Bremerton, Wash.
7. Denver, Colo.
8. Redding, Calif.
9. Santa Barbara, Calif.
10. San Jose, Calif.
Recovery
April 10, 2009 by admin
Filed under Positive Real Estate
Top Economists Say Recovery Has Begun
Economic recovery is about making people feel more confident, says
Mark Zandi, chief economist of Moody’s Economy.com. says increasing home sales and gains in the stock market are some promising signs that the worst is over and people will start spending again. “We’re starting to see some pent-up demand for goods,” he says.
Strong growth in the last half of the year and a quick recovery for the labor market is the prediction of Robert Brusca of FAO Economics. “You’ve lost 5 million jobs. It shouldn’t be hard to put 2.5 million jobs back on rather quickly after you hit bottom,” he said.
Joseph Carson, chief economist at AllianceBernstein, calls improving home sales, a rising stock market, and better-than-expected retail sales in February and March good signs of a turnaround. By the time President Obama’s stimulus package takes effect, the economy will be ready, he says.
Source c
Seeking Bottom
April 2, 2009 by admin
Filed under Positive Real Estate
A recent survey amongst Realtors say we are very near the bottom. Source: Inman News (subscription)
“Buyers are seeing inventory move, and that gets them moving. Interesting how that happens,” said a Summit, N.J.-based respondent who sees improvement in a market where many homes are located near commuter train lines to midtown Manhattan. “Yes, there are actually bidding wars again on well-priced, staged homes in great locations.”
Among 225 readers responding to the survey from March 23 to April 1, 48.9 percent said housing markets in their area were improving, 27.1 percent said they were stabilizing, and 12.9 percent characterized them as worsening.
Recovery to be Quick?
January 4, 2009 by admin
Filed under Positive Real Estate
“Housing will probably bottom out by spring, many forecasters now argue. The Federal Reserve will play a role in making this happen by buying mortgage-backed securities and, in doing so, lowering the rate on 30-year mortgages to less than 5 percent, which is roughly the present level. That will encourage not only home buying, but also refinancing.”
