Tuesday, March 1, 2011

U.S. Housing Markets Recovery Possible

U.S. housing markets 

The United States is projected to add 1.4 million households per year during the next five years. 

Current housing building permit activity shows projected starts of 500,000 units during 2011.  

This supply/demand balance (fewer homes being built than local markets need) might result in homes being purchased and excess inventory "burned off" by the second half of 2012. housing supply vs. demand 

However, reduction of excess inventory of homes assumes that current economic recovery stays on track.

The current U.S. housing slump is mostly local at hard hit areas with unstable prices at parts of Florida, Phoenix, Las Vegas, parts of Texas, California's Central Valley and Inland Empire.  It's still unknown how long it will take to "burn off" or neutralize over supply of homes in these areas.

housing markets in recovery 

As Realtors and real estate professionals, we are positive and working toward the sale of homes, moving foreclosures, and helping Orange County real estate markets to be balanced again.

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Source: Marcus & Millichap Real Estate Investment Services.  This is for information only.

Harrison K. Long - solutions for real estate and business - REALTOR®, GRI, broker associate, Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com (email) - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs®.

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We help people with their best decisions about real estate, listing and selling of homes and properties at Orange County, California. 

Posted via email from Explore OC Homes

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