Thinking that the housing market is continuing its downward plunge? Think again! Having just returned from the Luxury Real Estate Convention, held in Paris, France, a couple of weeks ago, I can report that most real estate agents are already starting to feel the market pick up. But don’t run out to buy that dream home just yet, because the general consensus is the road to recovery will be a rather steep climb.
Just as we saw the real estate market start to spiral downward in trends that began in cities like
I recently read about an area just outside
It is encouraging news to hear that
But while the phones have started to ring at many brokerage offices and we begin to read about the beginning of the end to the current real estate plunge, we still have a ways to go. Some buyers, no matter what the press is reporting, are not ready to come back into the market. Consider too, the economic downturn and how the news of an increase in unemployment and continued job loss affects market segments as well. In some of the areas hardest hit by the fall of the real estate market, buyers simply have not yet returned.
Take, for example,
But if the gluttony of foreclosures has you down, think about cities like