photo credit: jwinfred

At the moment its hard to imagine the housing market bouncing back any time soon. There are signs of it declining even further, but not much to indicate that a housing rebound is possible in the near future. However, there are some economist and insiders who believe the opposite is true. They believe the worst is behind us.

One reason I think this may be true is our human and American nature. We all want a home and we all want things. For a couple of years now we have had those things taken away and kept from us. We are Americans, and we are not used to having our things taken away from us like that. There has been a pent up desire to have our things back and we may just find a way to get them.

There is an MIT economist who believes that the demand for new homes now exceeds residential construction. Even though it goes against the numbers, it may pan out to be true quite soon. Others in the industry say the fear of another hit on the housing market is simply overreaction and panic. There is at least much more conversation leaning towards a recovering housing market. Lets all keep our pocket books crossed its true.

Read the full article from CNNMoney.com

Posted in Denver Colorado Real Estate, Blogging, Real Estate Market Conditions, CAR, Real Estate Industry, Real Estate Industry Trends, New Home Builders, Downtown Denver Lofts and Condos

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