Signs of a Housing Rebound Boosting Optimism
Signs of a Housing Rebound Boosting Optimism
After more than five years of declining sales and plummeting home values, the US single-family housing market appears to be on the verge of a rebound, as the market seems to have reached a bottom in a handful of metropolitan areas that have seen prices start to rise, as well as prices, and foreclosures are declining as well. Of course, some analysts are still pessimistic, hesitant to declare a bottom until they see more evidence of a rebound.
But there are a growing number who see rebounds in some cities as a sign of things to come for other markets, citing a variety of factors including improvement in the job market as well as the improving housing conditions, and there are also a number of government forecasts that support the beginning of a recovery around the nation. Economists warn, though, that the recovery is likely to be fragile, at least in the beginning, and could be derailed by any nasty economic developments, but the market is poised to bounce back next year.
After more than five years of declining sales and plummeting home values, the US single-family housing market appears to be on the verge of a rebound, as the market seems to have reached a bottom in a handful of metropolitan areas that have seen prices start to rise, as well as prices, and foreclosures are declining as well. Of course, some analysts are still pessimistic, hesitant to declare a bottom until they see more evidence of a rebound.
But there are a growing number who see rebounds in some cities as a sign of things to come for other markets, citing a variety of factors including improvement in the job market as well as the improving housing conditions, and there are also a number of government forecasts that support the beginning of a recovery around the nation. Economists warn, though, that the recovery is likely to be fragile, at least in the beginning, and could be derailed by any nasty economic developments, but the market is poised to bounce back next year.
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