As I said in my post the other day, the reason I believe the housing recovery is already in swing is, well, a lot of small reasons. One after another, bits of good news keep showing up.
Today, for example, Realogy (owner of Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, ERA, and others) announced that its revenue was up and it’s net loss was down for the first quarter, “as the housing market showed signs of stabilization.”
In fact, the
title subhed of the press release is “Company’s Q1 Results and Q2 Pending Home Sales Consistent with Industry Forecasts for Modest Housing Recovery in 2012.”
Baby steps. But steps in the right direction.