"Housing is out of the woods and it should be making a contribution to the overall economy going forward," David Blitzer, chairman of the index committee at Standard & Poor's, told Reuters Insider.
On the not so good side, comes this story that inventory levels are still low and unlikely to rebound soon, http://www.inman.com/buyers-sellers/columnists/dianhymer/2013-optimism-keeps-home-sellers-sidelines. The inventory problem has been particularly acute in the San Francisco Bay Area, where the number of homes for sale has dropped by nearly 50%. This columnist is less optimistic than the general press and thinks that the future of the housing market is far from clear.
No comments:
Post a Comment