10
Jun
Real Estate Recovery – A Ways Off
real estate recovery
The National Association of Real Estate Editors during their annual meeting shared that continuing foreclosures and an “overhang” in housing inventory will likely prolong the housing slump for several more years. Home values in many markets are still in decline, said Stan Humphries, chief economist for online real estate search and information company Zillow. And housing demand may not see a normal balance with new household formation and housing starts until 2013, said Doug Duncan, chief economist for secondary mortgage giant Fannie Mae. Read more 