84 U.S. Markets Improved In July, and the Wall Street Journal proudly called an end to the housing crisis, a declaration made without hedge, stating, “the housing bust is over.”
New construction buyers in Sacramento , look out. The nation’s home builders are predicting a strong 2012 for new home sales. It may mean higher home prices as the spring buying season approaches.
It’s not time to bring out the balloons and good china yet, as the housing market’s health has a long way to go. To put this in perspective, the current pace is less than half the rate in which those homes went up during the 1990s. Hopefully, this is emblematic of a gradual and sustained growth (and recovery). Continue reading “Homebuilder Confidence Returns To Pre-Recession Levels”