With 2012 just around the corner, Inside the Market looks at articles summarizing current market conditions for 2011 and looking toward the future.
December 26-30, 2011
Articles:
“Housing Market Strengthening But Long Road to Recovery Lies Ahead ”
The year 2011 is ending on a high note as economists anticipate some signs of recovery ahead. Prices appear to be reaching their trough, visible supply is on the decline, and banks are beginning – just slightly – to loosen lending standards […] however, these positive signs do not point to an immediate recovery
“Economists Don’t Foresee Home Price Appreciation Until After 2013 ”
Prices are forecast to decline until the market’s bottom is reached in late 2012 or early 2013. After 2013, the panelists expect a relatively steady annual appreciation rate of roughly 3 percent through 2016, which is slightly below appreciation rates experienced during the pre-bubble years.
“Scheduled foreclosure auctions soar in California”
Banks set the clock for forced sales of more than 26,000 homes in the state in November, a 63% increase from October. Overall foreclosure notices nationwide fell last month.
Enter a world where robots, holograms, and even time travel might well upend the business of buying and selling property, as we know it.