The housing recovery is now!…okay, now!…no, now!
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Do you think California real estate has finally reached its bottom in pricing?
- No (54%, 380 Votes)
- Yes (46%, 327 Votes)
Total Voters: 707
This article grapples with a recent report which predicted an imminent housing recovery, instead arguing the market has not yet reached its bottom in pricing.
In recent news
A recent study by The Demand Institute heralded the arrival of rock bottom for real estate pricing. The study identified 2012 as the year in which the nation’s housing market will begin its recovery process, as prices rise from 2012 to 2017.
Related article:
Time Business: Report: Housing Market Recovery Has Officially Begun
This study predicts the housing recovery will be accomplished in two phases:
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About The Author
Sarah Cantino
is lead editor for the Landlords, Tenants and Property Management and Real Estate Property Management books.
![handing-money5[1]](http://firsttuesdayjournal.com/wp-content/uploads/handing-money51-106x75.jpg)
![community-property11[1]](http://firsttuesdayjournal.com/wp-content/uploads/community-property111-106x75.jpg)
Have been a broker over 30 years. Degree accounting.
Predicted 1989 and 2006 crashes.
Listings have plumeted in half. That drives
demand for a smaller amount for buyers to
choose from. Real estate bottomed in Jan Feb 2012.
This is the most obvious turnaround I have ever seen.
A poor economy holds interest rates down.
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Demand today is for the most part bottom fishers, if and when the market make enough recovery to allow property owner a reasonable return of their equity there will be a supply of properties on the market. As a broker & contractor in the business since late 70′s with college degree in business/marketing and economics, my opinion, looking at the state of employment, many part time and or under employed, business not attracted to our state that is ranked at the bottom and the condition of California Economy being over regulated and poorly managed the recovery is more uncertain than it’s been in the past.
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FORECLOSURES WILL TAKE NORMAL COURSE, AT THE PRESENT ARE BEING GIVEN AWAY TO OBAMA’S FRIENDS AS RENTALS TO WELLINGTON MANAGEMENT, BLACK ROCK GROUP, VAN JONES, MAGIC JOHNSON. WHEN THE INTEREST RATES RISE PRICES ARE GOING DOWN. I’M TIRED OF THIS UNCERTAINTY. PLEASE AMERICANS VOTE FOR MITT, HE CAN FIX THE ECONOMY, HE’S A DECENT AMERICAN, DO IT FOR YOUR FAMILY.
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