Real Estate Recovery May Happen Soon!
The information in this article is merely an opinion. It uses U.S. Census Bureau data on New Home Sales (not existing homes or non single family homes) to derive a proprietary thesis. No statement within this article should be viewed as a suggestion or statement to buy or sell real estate for investment purposes or any other purpose! The data was garnered from sources believed to be accurate but is not guaranteed.
Data from the U.S. Census Bureau may indicate that a bottom could occur in the real estate market as it relates to single family new homes as early as the first quarter of 2008. Though rather dismal data could be released in its first quarter report in April of 2008, the myriad of doomsayers that are bound to emerge may be the preamble to a stark recovery. By July of 2008 data may clearly show that the first quarter was indeed the bottom and that the real estate market is off to a healthy and speedy recovery after making its bottom!
And wouldn’t that be nice? Most real estate agents will tell you that the slump has gone on long enough!
Near the end of November the National Association of...
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