November 3rd, 2009 by Michael Oliver

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Share on Facebook For those people that read this blog that know me you know I like to look at stats and real numbers vs. just making assessments without seeing facts. In looking at the numbers from earlier this year the US housing markets is recovering pretty seriously and in a way I think even few Realtors and other experts understand. Here are the statistics that I found. Now there is no guarantee the real estate markets will not take another dip however my feeling is the worst is for sure behind the markets. In the early summer and during the summer I wrote many blog posts signaling the end of the real estate depression that had been so “normal” for the past 3 years. The numbers also agree with this assessment and show since January the market has been getting better and since the late spring the markets across the US have even in many cases started seeing price increases! With that being said here is a summary of the stats showing where the US real estate market has come from:

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August 28th, 2009 by Michael Oliver

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Federal Reserve Building

Share on Facebook Richmond Federal Reserve President Jeffrey Lacker signaled that the housing market is no longer a drag on the economy making for some of the first official good news the housing depression has passed. (Or is currently passing) Lacker said that the housing market had picked up about five months ago and would no longer be a drag on economic growth, (Which I absolutely agree with and have made many posts about since about the same time frame of 5 months ago.) Lacker also went on to state “I think the economy is levelling out,” Lacker said in an interview with the Danville Register & Bee newspaper. “I think there is reason for hope.”

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