House Crash- Have we hit the bottom?
The data shows the housing forecast by the National Association of Homebuilder. The total housing starts are expected to increase in 2009 which is a leading indicator showing that this may be the bottom year of the housing decline. If these forecasts are accurate, there should be a rebound in the housing market with increasing buying and selling activity which will eventually lead to an increase in housing value over the course of the last Quarter of 2009 into 2010. But these are all forecasts, what will really happen is a matter of watching and seeing.
Ankit Duggal; www.qualitycloser.com
Reference:
| 5/7/2008 |
Housing and Interest Rate Forecast http://www.nahb.org/page.aspx/category/sectionID=138 |
