Single-Family Housing Market May See a Rebound
Earlier this week we shared news that South Florida may lead the state’s housing comeback and it seems as though the U.S. single-family housing market is also set to rebound. Signs of the reawakening include the trend of sales and prices being on the rise, as well as the amount of foreclosures declining in many metropolitan areas. Industry analysts believe the current signs are attributed to reasons that are both traditional and particular to the post-credit bubble era.
Although analysis of government and industry data support the rebound there is some skepticism. A great deal of the industry that believes the rebound is premature due to the false-starts of previous years, new found distressed properties, the sub-par economy, as well at the effect of the European debt crisis on businesses, consumers and investors.
For more information on news and events taking place in the world of real estate be sure to check back with us every week!