The Housing Market – S&P Analyst Says Economy Not At Risk Of Recession

ChartDown_1We 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

Related posts:
  1. High End Housing The Weak Spot in Housing Market
  2. Senior Housing A Strong Point In Market
  3. MacroShares’ Major Metro Housing Home Trading Concept Flawed
  4. Housing Plan Stuck, National Recovery In Hands of Real Estate Market
  5. Housing Market Shows Stronger June Sales

« « Collateral Damage To The Housing Slowdown| Neumann Homes Declares Chapter 11 Bankruptcy – Existing Homes Will Be Built » »

There Is 1 Response So Far. »

  1. 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.

Post a Response

« Back to text comment
  • Popular

    Most Comments

    Search

    Tags

    Archives

  • Recent Comments

    • My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
      Brandon | 20Mar10 | More
    • I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
      Bill Hernandez | 19Mar10 | More
    • Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
      Marc Brodeur | 19Mar10 | More
    • Great to hear that the big boys are predicting recovery sooner than most think. Thanks for the value!
      Mark Arenella | 19Mar10 | More
    • I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
      Austin Mortgage | 19Mar10 | More
    • an add on to my previous comment--I suppose nationally it's hard to tell, but each city and market is in ...
      Austin Mortgage | 19Mar10 | More
    • Hmm.....interesting. Of course, I would love to see the real estate market bounce back as quickly as possible, but just ...
      Austin Mortgage | 19Mar10 | More
    • I live in the Philippines and I am glad we are not on the lists...
      homes for sale in chandler az | 19Mar10 | More
    • I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
      Jack | 18Mar10 | More
    • I see the question I have, but no response. I do not have a for sale sign up ...
      Judi | 18Mar10 | More
  • Statistics

  • Friends

  • Subscribe





    Get Updates Delivered Daily By E-Mail:

    Delivered by FeedBurner