The Housing Market – S&P Analyst Says Economy Not At Risk Of Recession
We all want to know what the effect of the housing slowdown will be on both the housing market and the economy as a whole. Of course, real estate is all local, but when it comes to the stock market it is seen as a national phenomenon. And listening to the commentators alternate between everything is fine and the world is falling apart it is hard to get ones bearings.
But then comes a great article by Sam Stovell of Standard and Poor who gives an analysis that is both as logical as it is practical. If you are interested in the national trends in real estate, read the whole article. It provides analysis both on today and the historical patterns of housing downturns.
Maybe the consensus expected the decline to be a lot worse than it will likely be. David Wyss, S&P’s chief economist, has been forecasting for nearly a year that the slump in housing would subtract 1% from U.S. gross domestic product in 2007 and 2008. What’s more, Wyss thinks the median price for homes across the U.S. will decline 11% from the peak in 2005 to the projected trough during the first half of 2008, and that—as we are less than halfway there—things will get worse before they get better. via Business Week
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
Comment by | Acneguy on 5 January 2010:
I think we are also seeing some signs of recovery from the Economic Recession. Of course, we have no idea of how long it will take to completely recover, but some say it’s going to be longer than for the other recessions in decades. I also scanned an article yesterday that said business owners need a new set of tactics to do well during recovery.