In a new Semi-Annual survey of leading real estate economists and analysts, the prediction is given for an increase in the overall housing market. However, further reading of this article is not as cheery. These Analysts are making these predictions off of current economic indicators and explain that changes in the world economy could affect these predictions. They also indicate that areas hit hard by the Real Estate Collapse ( Florida, Arizona, etc.) may not have as dramatic an improvement.
The current trend locally has been one of an increasingly stable market with improvement in unemployment. Home prices have been increasing slightly, more so when not including distressed-sales. The local indicators are favorable for our economic future. This trend of market improvement should continue, though we may lag behind the national average.
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