Since 2008, family formations continue to trend upward but still the lowest number of new families created over the past 45 years. Remember my previous posts about the population continuing to increase, thus the number of households increases. This causes a pent-up demand for housing. When the economy improves, the pent-up demand will cause a shift from a buyers market to a sellers market. I have been predicting a spring 2012 surge in housing. The problems in the middle east may (will) cause another recession which would not be short term.
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