And who might that guru be? Bill McBride from Calculated Risk. Some are predicting another ‘shadow inventory’ coming to market this Fall-Winter that will cause a foreclosure supply shock that will in turn push prices downward once again. McBride doesn’t agree: “The bottom line is house prices have probably bottomed, and the concern about more distressed …
Tag Archive: housing recovery
Aug 12
Housing market seems to have turned… After seven years of pain, now comes the gain
Nearly seven years after the housing bubble burst, most indexes of home prices are bending up. Don’t take my word for it! Check the info below about the nation and Seattle, plus the additional references at the end. (Photo: Bloomberg News) NAR June Housing Report The June report from the National Association of Realtors revealed that …
