Existing Home Sales

For the past three years and 2011, the existing homes sales have been well below the trend line. As the population continues to increase and family formations are on-hold due to the economic downturn, there will be a pent-up demand for existing homes.

Everything is timing --- just when will real estate turn around?

Turning around the economy has a lot to do with consumer confidence and their fear. There are some experts predicting the real estate industry will not turn around until 2013 or 2014.

Let’s pray for the best and expect the worst.

As Housing Goes....So Goes the Economy