Is A Housing Rebound Just Around the Corner?
January 9, 2012 Leave a comment
According to some experts, it is according to a Moneynews article printed by Newsmax.com recently.
In the article, Barclays Capital analyst Stephen Kim is quoted in a recent note to investors stating that “[i]t has become increasingly apparent to us that the pieces for a housing rebound next year are beginning to fall into place”.
In most markets, the bottom has been here for a while. Historically, housing rebounds have been a consistent rise from the bottom. A bottom that lasted a relatively short period of time. If you were to graph it, it would generally look like a “V” shape. However, nearly every market’s current bottom has been (and still continues to be) a very wide “U” shape.
Regardless of what the national housing market does, real estate is local. Each market has its own unique attributes which allows it to lead, be with, or lag behind the national trends. Within each market, each submarket has its own nuances. Then, each builder needs to adjust based on the geographic areas and price/product ranges they are in.
What are you seeing in your market? Do you think the market you are in will rebound in 2012?
–J. Nolfo helps companies understand their market and customers though a variety of market research strategies. He has over ten years of experience of market research for strategic planning purposes. He is the Director of Research at Rhino Market Research. He shares his thoughts about market research and business concepts with his blog “Pensare…Understanding Market Research in Business“. If you would like to discuss this blog or how J. can help you understand your market and customer needs, email him at email@example.com.