Most experts I talk to, including the Realtors' own economist, believe we may see another dip in sales and prices before we are really on the road to recovery.
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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
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The Bubble Meter Philosophy
The best way to get the housing market thriving again is to drop prices to the point where supply equals demand. Home sellers might not like it, but it's good for buyers and it's great for Realtors.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
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- The prospects for housing
- U.S. national debt hits $13 trillion
- S&P/Case-Shiller HPI down 3.2% in Q1
- Fortune: Housing not recovering
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Where are the jobs? No RE recovery will happen without jobs, unless groups of foreign investors (Chinese) begin buying our private property here in the US, which I am hearing is already happening.
ReplyDeleteIt will be the "recovery" for the few, and the great depression for the majority. As a blog writer, you're going to have to make a decision who you want to write for, and who you want to help. To call this a "recovery" doesn't help anyone I ever hung out with.