Seeking Alpha

Improving data (I, II, III) pushes Deutsche Bank analysts to believe housing has entered a real...

Improving data (I, II, III) pushes Deutsche Bank analysts to believe housing has entered a real recovery: "We wonder if forecasters have counted this sector out for so long that they are overlooking the possibility that it could pose an unexpected mild boost to the [economy] in the year ahead." But it's too soon to declare victory, as millions of homes still wait to be put on sale by distressed owners and banks.
Comments (3)
  • I don't know if I call it a recovery more like a return to reasonability for most markets sans Detroit, Vegas, Florida and few other troubled areas. In my neighborhood we have 3 homes under construction in the past 4 months and a multi-family unit about a mile away.

     

    My take is that it will move sideways for a few years but buyers on the sideline should probably start to place their bets as rates are unbelievably low.
    22 Feb 2012, 05:51 PM Reply Like
  • And millions more by sellers who in a normal market would be able to trade-up, downsize or relocate.
    22 Feb 2012, 11:25 PM Reply Like
  • I am thinking Costa Rica.
    23 Feb 2012, 12:14 AM Reply Like
DJIA (DIA) S&P 500 (SPY)