Wells economist: Foreclosure supply points to ‘long, arduous’ recovery

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Wells Fargo economists noted the downward revisions may reflect affordability concerns, and inventories of new homes had increased. IHS Global Insight economist. recovery was approaching its eighth.

U.S. home builder sentiment stayed at a record low in November. Building needs to keep ratcheting down as long as sales are sliding, in order to correct the huge imbalance between supply and demand.

Bargain prices in most major US cities help reduce glut of foreclosures – Yet they’re also thinning the supply of homes – clearing the way for higher prices in the long. to foreclosure tracker RealtyTrac Inc., and the decline in foreclosure filings is only temporary,

“That’s one of the reasons we’re recommending investors be long a handful. occurred to the point that publicly traded homebuilders have a limited opportunity to increase market share, said Carl.

Home / News / Foreclosure / NAR Data Points to Recovery, NAR Data Points to Recovery, but How Long Will It Last?. the research firm points to increasing home sales and the drop in excess.

WASHINGTON (AP) – A wave of foreclosures is forcing down home prices in most major U.S. cities. But economists and real estate agents point to what they call a key first step for any housing recovery.

Update: A new version of this story was published in October 2013 and includes predictions for the U.S. housing market in 2014. The story below has been retained as a historical archive.. Welcome to the housing predictions library, brought to you by the Home Buying Institute. On this page, you’ll find the world’s largest collection of real estate forecasts and predictions for 2013 and beyond.

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