Every day there seems to
be more positive news about the real estate recovery. We attempt to give you
two things in this blog:
1.
The actual data that indicates where the housing market is headed
2.
Quotes from analysts who have scrutinized this data
Today, we want to give you a
quote by Ivy Zelman which appeared last week in a Wall Street Journal article Stunned Home Buyers Find the Bidding Wars Are Back.
“We very much believe we’ve hit
bottom.”
Why is the quote from Zelman
important? She is an industry expert consistently recognized by Institutional Investor, Greenwich Associates, StarMine
and The Wall Street Journal
as an industry-leading analyst. She has been nicknamed ‘Poison Ivy’ for her
harsh positions on housing over the last several years. Now, Zelman is
calling a bottom and projecting prices to moderately increase in the next
twelve months.
Again, another expert
on housing is calling a bottom; another bear turns bull.
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