RISMedia: Real estate beginning to rebound?

“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” –Churchill, after the British victory at El Alamein.

The good folks at RISMedia (a news source for the real estate industry) have been watching the trends in the nation’s housing markets of late, and they think there’s a positive pattern emerging.

In a short article, “Multiple Sings Point to Real Estate Rebound,” it listed “numerous signals that the real estate market is on the rise.”

…a 15 percent rise in housing starts in September; a surge in builder confidence in October, an increase in mortgage applications and a slew of regional market improvements across the country.

And…

“Overall, the recovery in the housing market is limited to just a few markets and is taking a long time to occur. The encouraging news is that many markets are no longer expected to be rapidly declining,” says Eric Fox, vice president of statistical and economic modeling for Veros.

Click here to read the whole shebang.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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