Is American real estate in full recovery?
Or something closer to half recovery? New data compiled from multiple
listing services across the country suggest it’s the latter. Though they
get relatively little public attention, the stark fact is that more
than half (75 out of 146) of the top metropolitan real estate markets
surveyed by Realtor.com in its latest monthly study are not seeing anything like a recovery.
Their median list prices have either declined during the past 12 months or stayed flat, and their houses can take exceptionally long times to sell. The number 75 is significant: It’s up from 69 just a month ago, so the lackluster performance phenomenon could be spreading, despite record low mortgage rates and modest growth in the overall national economy.
Read more: http://www.forbes.com/sites/realtorcom/2012/11/20/is-there-a-national-real-estate-recovery/
Their median list prices have either declined during the past 12 months or stayed flat, and their houses can take exceptionally long times to sell. The number 75 is significant: It’s up from 69 just a month ago, so the lackluster performance phenomenon could be spreading, despite record low mortgage rates and modest growth in the overall national economy.
Read more: http://www.forbes.com/sites/realtorcom/2012/11/20/is-there-a-national-real-estate-recovery/
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