photo credit: clogozm

We have certainly seen a rollercoaster ride in the real estate market, but have has the real estate market seen the worst parts of the ride? There are indicators that forecasters and economists look at, but the two main indicators for the real estate industry are the number of applicants applying for mortgages as well as the number of people entering into contracts to purchase homes.

In July these numbers were at a low that has been unseen in many years, and some say that is an indication that the industry has indeed hit the bottom and the only place to go from here is up. Good news for many, however, as many people know, things can always get worse, no matter how bad things are now. Simply because we havent seen these types of numbers in a long time doesnt mean they are the bottom, we hope it is though.

Economist and analyst predict that we have seen the worst of times and are looking forward to the best of times. They believe we will start to see some increases in the next couple of months. No matter how you read the numbers and see the signs, we all hope theyre right and we start to see some improvement in, not only the housing market, but in the economy as a whole.

Read the full article from Inman News

Posted in Denver Colorado Real Estate, Real Estate Investing, Real Estate Market Conditions, Real Estate Industry, Real Estate Industry Trends

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