According to Mark Zandi, chief economist for Moody's Analytics, Inc., the US housing market crash is indeed over. He cites new and existing home sales, along with housing starts being off the bottom.
Some analysts point to an improvement in the Conference Board's confidence index in April 2012 and others highlight they believe jobs are easier to find in the US.
Bank of America's senior economist, Michelle Meyer and Mark Fleming of CoreLogic, Inc. also think prices are near the bottom. Ms. Meyer predicts US home prices will bottom out in 2012 and will stay there until 2014, when she predicts a 2.5% increase for the US housing market.
Rober Shiller, a Yale University economics professor and one-half of the Case-Shiller Index founding team is more cautious. He is concerned about downside to the US housing market. He things home prices could languish and/or edge down for years in the US.
Based on recent activity I am seeing, I believe we are near the bottom in the US and South Florida housing markets. Please see previous articles for more details on why. If you are in the market to buy a home, I think now is a good time to be looking-- it is still a "buyers" market.
As a local Relator, I am aware of the trends in the US market as well as in many of the communities in which I specialize. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
http://MYsouthFLrealestate.com
Referrals are appreciated and welcomed.
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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