Foreclosures are decreasing and Job growth is increasing, which is stabilizing and shifting the market. CNN Money is predicting and much more sunny picture of the real estate market than others would have you believe.
This information should stave off skeptics seeing ‘Shadow’ Inventory waiting in the wings to crash the market in an election year. The last Presidential election cycle, in 2008 had the economy in the gutter, while we aren’t back to where we were in 2004, GDP is up, Job #s are up, which are the 2 strongest indicators in consumer confidence. So come on 2013, it’s only getting better from here on!