A Housing Market Bottom?

Video interview with HUD Secretary (Bloomberg News) .. Has Housing Hit Bottom?

Former Federal Reserve Chairman Alan Greenspan said housing may be near a recovery and financial markets should continue improving.

Dr. Stan Humphries, Zillow’s vice president of data and analytics, said in a statement: “The perception of American homeowners is finally catching up to reality, which is that 80 percent of all homes in the country lost value during this past year.

While homeowners are now more realistic when looking backward, they are still pretty starry-eyed when looking forward, with three out of four homeowners believing that their own homes’ prices will increase or be flat over the next six months. Unfortunately, there are few markets we expect to perform this well.

Most homeowners — 74 percent — believe their home will not decline in value in the coming six months, effectively calling a bottom to their own home’s housing slide.”                      San Diego home listings