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The Good News Regarding The Housing Market, and The Bad News

Robert3283 Wrote: Apr 15, 2012 10:48 AM
That's "daisies" not "daisy's." Jeez.

Several stars need to come into alignment for a full blown housing recovery. First there must be a meaningful jobs recovery to supply the market with demand. Second the inventory of foreclosed homes, and short sale properties needs to be absorbed to stabilize prices. Finally there needs to be a return to reasonable, yet prudent lending standards to make home loans available to worthy home buyers.

First quarter housing numbers are due out in a couple of weeks. From my perch in central Illinois it is difficult to tell the national trends, however here’s my stab at it; closed home sales...

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