On the Home Front…Entering 2011

According to Karl Case, co author of the Case Shiller Index:

1.)Double Dip is already here
2.)Pending home sales are good but a very minuscule percentage
3.)50 year low levels on housing starts ā€“ no sign of relief
4.)Decline in household formation: Immigration vs. Emigration
5.)Stabilization is essential for people to become demanding in housing market
6.)Banks will continue to be very cautious with loans.

One Response to On the Home Front…Entering 2011
  1. Anthony
    December 31, 2010 | 6:20 pm

    Bottom line….it’s all about jobs. Housing starts are not occurring because of lack of demand….and what demand there is…is first absorbing the high inventory of default and back owned properties. This will take time….hence the ‘no relief in sight’ comment. As the job market improves…so will housing demand. In the meantime….the opportunities for those willing and able to take advantage of really incredible values and historically low interest rates will continue. Jump in!

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