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Another Housing Boom or Stability? August 25, 2009

Posted by John Watch in News Feed.
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As we emerge from the wreckage of this housing bust, economist, analyst and reporters across the nation are in search of the next statistic on property data  signaling an end to the downward spiral. For some, the boom days are desperately desired again, and the attention-grabbing headlines today reflect this point. But real estate is Cyclical, Seasonal and Emotional, and a return to the days of old does not seem feasible in the near future.

In today’s news stories, statistics and public records on the housing market are all reflected against the recent boom years. Seasonal upticks are overemphasized to signal a rebound. Government-incentives (while effective) are misinterpreted for natural correction. But the process of recovery is not a sprint, it is a marathon.  We as a people continually expect a quick-fix solution to all situations, but the housing market simply does not work this way.

With an oversupply of housing remaining and foreclosures rising, expect a gradual stabilization of the market over the next few years. During the recent boom, prices of  homes were severely overpriced and overbuilt.  The housing market does not need another housing boom, it needs stability.

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Comments»

1. Another Housing Boom or Stability? « AccuriZ » Blogging - August 26, 2009

[…] Read the original post: Another Housing Boom or Stability? « AccuriZ […]

2. Another Housing Boom or Stability? « AccuriZ « Blogging - August 27, 2009

[…] Read the original post: Another Housing Boom or Stability? « AccuriZ […]


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