Real Estate Rebound Is Starting!


Lots of signs suggesting the housing market finally bottoming out and moving into rebound starting this year, experts say in a recent article in The Wall Street Journal.

 Investors, that have been waiting, are back in the market, betting on a rebound, and are purchasing houses and condos for incredible prices.

Housing is at the most affordable it has been in years nationwide when home prices and average incomes are taken into account, according to analysts at Moody's Analytics. Pricing is down so much in some markets that when you analyze renting versus owning it makes much more sense to own,” Michael Larson, a real-estate analyst at Weiss Research in Jupiter, Fla., told The Wall Street Journal. Markets like Asheville, Maggie Valley and Waynesville Homes are at an all time low and sales are up with inventory depleting. So Prices will start stabilizing and we will start seeing the nice homes that are priced right sell within months of the listing date.

Housing prices likely will bottom in 2011, says Scott Simon, a managing director at the money-management firm Pimco in Newport Beach, Calif. While he expects housing prices to possibly drop another 5 percent, he says that is a small amount when in some markets prices have dropped by half or more since housing prices started falling in 2006.