The housing market's long, cold winter may finally be heading into a springtime thaw, New data show price declines easing in big cities, sales of new homes improving nationally and foreclosures in California dropping to levels not seen

Housing Market May be on Rebound at Last

Written by:
PropertyRadar
Written on:
April 25, 2012
Category:

The housing market's long, cold winter may finally be heading into a springtime thaw.

New data show price declines easing in big cities, sales of new homes improving nationally and foreclosures in California dropping to levels not seen since before the start of the credit crunch nearly five years ago.
"The foreclosure market is turning into a drought, not a wave, and that has resulted in a lack of inventory," said Sean O'Toole, chief executive of the firm ForeclosureRadar.com. "If it continues, it will likely mean that we've either seen a bottom — or have passed a bottom — in prices because of limited supply and still strong demand."

Written by:
PropertyRadar
Written on:
April 25, 2012
Category: