We
want to let you know that "rumors of a new market meltdown" are not
based on any reputable data. As proof, we offer you the comments of the
following experts who have a totally different view on the current housing
market.
Lawrence
Yun, Chief Economist at NAR:
"In
spite of deficient supply levels, stock market volatility and the paltry
economic growth seen so far this year, the housing market did show resilience
and had its best first quarter of existing-sales since 2007."
Jonathan
Smoke, Chief Economist at realtor.com:
"We
had a triple crown of April home sales reports, so 2016 is in the pole position
to earn best year of home sales in a decade."
Andrea
Riquier, MarketWatch housing reporter:
"I'm
calling the end of the housing "recovery." On to 'expansion.'"
Freddie
Mac:
"Despite
the disappointing economic reports, we still forecast housing to maintain its
momentum in 2016."
Steven
Russolillo, Wall Street Journal housing reporter:
"A
recent gauge of home builder sentiment held firmly in positive territory,
according to the National Association of Home Builders. Perhaps more important,
expectations for sales in the next six months jumped to the highest level of
the year."
Fannie
Mae:
"Our
latest housing tracker shows that the first quarter of 2016 was the second
fastest first quarter pace of home sales in the past decade... Home sales
typically rise in the spring and summer months, and we anticipate an
acceleration in home sales that will surpass 2007's pace by late summer."Looking to Buy, Sell, or Invest? Contact:
David Demangos
858.232.8410
Locally Known, Globally Connected
Luxury Home Marketing Specialist
Global Property Specialist
David@AwesomeSanDiegoRealEstate.com
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!
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