Market Summary – Q2 2011
What’s Been Happening? After the worst national housing price downturn in memory, residential real estate has not yet recovered. The blue trend line below tells the story. The housing slump continues due to supply overwhelming demand. Bank foreclosures provide a steady source of low priced supply while more Americans find waiting to buy or renting an attractive option. The consensus remains that it will take quite some time to offset the effects of this unprecedented debt-fed bubble. Source: S&P/Case Shiller Index Source: NumberNomics.com American...
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