Economist: Housing Crisis to Linger for Years
Detroit Free Press
“The housing market won’t hit bottom until the third quarter and a true turnaround in new home-building is not foreseen until 2013, key economists said today.”
Is bulldozer the best option for some boom-time housing?
Local Address Blog by the Washington Post
“Douglas Duncan, vice president and chief economist for Fannie Mae, raised a provocative idea this morning at a meeting of real estate journalists in Austin: Some of the misconceived housing developments built during the boom years might have to be torn down because they don’t make financial sense.”
Opposing view on housing finance: Go back to the old design
USA Today
“A main goal of financial reform should be to promote simplicity and efficiency. In the case of housing finance, this means keeping Fannie Mae and Freddie Mac as publicly run companies.”
Want Referrals? Clean the Jobsite, Manage Expectations
RD&B Blog by Residential Design & Build
“The results of a survey of homeowners who had completed remodeling work within the past two years clearly indicate homeowners place a high degree of value on keeping the jobsite clean and having their expectations managed.”
June 7th, 2010 - 2:54 pm
“When Will The Housing Market Come Back?” That’s a question I get asked most often. “Come back to what?” “Unsustainable inflated prices?” The real estate bubble burst in our area in 2007, depending on where you lived. Those that saw it coming, made lots of money. The others lost money. We’re now left cleaning up the mess.
Will former prices ever return? There are some areas around the country that may never recover. We live in a mobile society today…folks are choosing to leave areas plagued with high taxes and high unemployment. I predict Nevada, Arizona, California and parts of Florida will recover and exceed their former highs. The question is when? It may take a very long time!