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Jun 06

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Top Ten Reasons to Be Optimistic About Housing

The California Association of Realtors (C.A.R) recently published the “Top Ten Reasons: To be optimistic about the housing market”.  The following are the ten reasons:

  1. Home values have been rising.
  2. More new households are forming.
  3. Foreclosure starts are falling into pre-housing-bust levels.
  4. Interest rates should remain low through next year’s selling season.
  5. Loan demand for home purchases is climbing.
  6. More Americans say it’s a good time to sell.
  7. The number of improving housing markets is going up.
  8. Housing starts are picking up as builder confidence increases.
  9. As housing values rise and equity returns, fewer homeowners are underwater.
  10. Real estate is contributing to an overall economic recovery.

The C.A.R. list above appears to be overly optimistic.  The recent past has shown some strong gains in the housing market.  However, the C.A.R. list above does not explicitly address how foreign investment has affected the California real estate market and how the recent bump in interest rates have affect housing sales.

About the author

Anand Khemlani

I am a founding member of Fulcrum Inquiry, an accounting and economic consulting firm that performs damage analysis for commercial litigation, forensic accountings, financial investigations, and business valuations. I am a Certified Public Accountant (CPA), Accredited in Business Valuation (ABV), a Certified Fraud Examiner (CFE) and am a licensed Real Estate Broker. I regularly serve as an expert witness involving results of my forensic accounting assignments and damage analyses. My resume is available on Fulcrum's website

Permanent link to this article: http://betweenthenumbers.net/2013/06/top-ten-reasons-to-be-optimistic-about-housing/

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