NEWARK, N.J.--(BUSINESS WIRE)-- The majority of America’s potential homebuyers and sellers -- 68 percent -- believe that the real estate market and property values will recover in the next year or two, according to a survey released today by Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. [NYSE:PRU] company. This exceeds the 47 percent of Americans who expected house prices would rise in a similar survey conducted in April 2010, underscoring a more bullish outlook for the real estate market today. In addition, 86 percent of Americans believe real estate is a good investment despite the market volatility of the past few years. The Prudential Real Estate Outlook Survey of 1,253 Americans between the ages of 25-64 in the market for buying a home was conducted Jan. 20-27, 2011.
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Yes it is defeitely going to make a come back..signs are already out there for a positive change
ReplyDeleteThanks for the info... As a realtor for a lake norman realty company I have noticed a slight increase in business as well. Hopefully things are on the way back to normal!
ReplyDeleteReal estate prices even here in Ocala Florida real estate are starting to bottom out and many buyers are in the market
ReplyDeleteI think the real estate market can recover fully over the next 2 years if interest rates can stay close to these record lows. So we really need Congress to raise the debt ceiling or else the country defaults and rates go up. It's time to write to your congressmen and get them to stop playing chicken with our country's financial stabilization.This recession is killing the middle class and the real estate market needs to heal itself for us to get ouut of this.
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