Yet Another Housing Bear Turns Bull
Every day there seems to
be more positive news about the real estate recovery. We attempt to give you
two things in this blog:
1.
The actual data that indicates where the housing market is
headed
2.
Quotes from analysts who have scrutinized this data
Today, we want to give you a
quote by Ivy Zelman which appeared last week in a Wall Street Journal article Stunned Home Buyers Find the Bidding Wars Are Back.
“We very much believe
we’ve hit bottom.”
Why is the quote from Zelman
important? She is an industry expert consistently recognized by Institutional Investor, Greenwich Associates, StarMine
and The Wall Street
Journal as an industry-leading analyst. She has been nicknamed
‘Poison Ivy’ for her harsh positions on housing over the last several years.
Now, Zelman is calling a bottom and projecting prices to moderately
increase in the next twelve months.
Again, another expert on
housing is calling a bottom; another bear turns bull.
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