Housing Analyst says ‘Worst Is Over’

Housing Analyst says ‘Worst Is Over’

by John Tayeb on April 27, 2010

new york homes

Housing has slowed to the point where demand is again outstripping supply, says Metrostudy founder Mike Castleman.

Metrostudy, which researches the housing industry, says demand is forcing up prices in some markets, including Washington, D.C. and Indianapolis, but it remains stagnant in Houston, Naples, Fla., Charlotte, and Denver.

Overall, Metrostudy and Castleman believe the worst is over. “The good news is that builders will need to build a lot more houses than last year to keep up with demand. That will help the economy by creating jobs,” Castleman says.


Source: Fortune, Shawn Tully (04/26/2010)

Posted via web from New York Real Estate Access…A Real Estate Blog

Advertisements
This entry was posted in New York Real Estate. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s