Small Signs Of Hope In Real-Estate Market Gloom

Jun 8, 2011 by

Small Signs Of Hope In Real-Estate Market Gloom

There’s no doubt that the state of the nation’s housing is sobering, which is how folks at Harvard University’s Joint Center for Housing Studies characterized the country’s housing trends in a report released this week.

Household formation is way down, depressing housing demand, and many homes are selling for less than they were purchased. Sure, affordability has improved. But few are willing to risk the purchase of a new home during uncertain times like these.

Still, it’s possible that a market turnaround could come quickly, according to the Center’s research director.

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