This is a surprisingly well written, even-handed CNBC article by Albert Bozzo about what’s going on, factoring in many of the issues pertinent to the real estate market: the economy, foreclosures, employment, location, input from a variety of pundits, dissenting opinions, and so on. Here is its beginning, but it’s worth reading the full article:
“After half a decade of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound. In some metropolitan areas, the market has bottomed, with both sales and prices on the rise and foreclosures on the decline.
This contrarian — and largely overlooked — thesis flies in the face of the persistent gloom that has nagged the industry since 2007, when the subprime crisis flared.
Industry analysts and players cite a number of reasons — some traditional (employment), others unique to the post-credit bubble era (foreclosures) — for the long-awaited sea change. An analysis of industry and government data also support the forecast.
“It has become increasingly apparent to us that the pieces for a housing rebound next year are beginning to fall into place,” declared Barclays Capital analyst Stephen Kim in a recent note to investors.”
The full article is here: http://www.cnbc.com/id/45599691/Residential_Housing_Ready_to_Awaken