Every day there seems to be more positive news about the real estate recovery…Check out 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,” said Ivy Zelman, chief executive of a research firm, who was among the first to warn of a downturn seven years ago.
Earlier this week, she raised her home-price forecast for the year, calling for a 1% annual gain, up from a 1% decline.
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.
