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Housing Market in 2011

December 30th, 2010 | Author: Marketing @ Atacan Group

Visit msnbc.com for breaking news, world news, and news about the economy

According to Karl Case:

  • Double Dip is already here
  • Pending home sales are good but a very minuscule percentage
  • 50 year low levels on starts – no sign of relief
  • Decline in household formation
    • Immigration
    • Emigration
    • Doubling and tripling up families
    • Kids coming out of college with no jobs and living at home
  • Stabilization is essential for people to become demanding in housing market
  • Future is hazy, problems could be permanent – less immigrants and aging baby boomers.
  • Banks will continue to be very cautious with loans.

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Posted in Buyer Resources, Market Data, Mortgage, News, Sale Statistics, Seller Resources | Tags: , , , , , , ,

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