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Right now, there is a lot of talk revolving around “economic green shoots” and the end of the recession. However, there has been very little in the way of solid evidence that things are improving in a substantial manner. Unemployment is slowing, but the numbers are still high. Additionally, housing prices have yet to reach a bottom. But there is speculation that the housing market will return to normal in 2012.
Kathy Tyson at Real Estate Investing on Banks.com points this out about hopes for the housing market:
There is hope again for a “boring” housing market - one in which there are just as many buyers as sellers and home prices aren’t plunging and home loans area affordably available.
Stability in the housing market — and the rest of economic recovery – is not likely to be seen quickly. Recovering from the current recession is going to take the better part of two years, and it appears that the housing market will be long in recovery as well.
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