Well I'm not sure if you knew but I've been pretty sick lately (the picture is of poor me at the doctor's office). I've been to the doctor three times in a period of weeks and am not real thrilled with where they put the thermometer. I'm really hoping that I don't have to go back. I think I'm on the road to recovery though....just like the housing market from what I'm hearing! My mom is thrilled, my dad is getting very thin from not having anything to eat for dinner because mommy's always gone at night (I think she does this on purpose so she doesn't have to cook) and I'm resting...strict orders from that mean ole' doctor. This is what I'm hearing...
Some of the nation's top economists believe the housing market has turned and better days are on the way for the housing industry.
Increase in jobs, credit, and affordable homes will overcome impediments such as rising interest rates, and the expiration of the Federal stimulus program to push the housing market towards recovery, says Dean Maki, chief U.S. economist for Barclays Capital.
"I would be even odds that we're at a bottom and that we're going to see improvement in the coming months," says Karl Case, co-creator of the S&P/Case-Shiller Home Price Index and a professor of economics at Wellesley College.
"The underlying trend is turning positive," says Bruce Kasman, a chief economist at JPMorgan Chase & Co.
Source: Bloomberg, Kathleen M. Howley and Rich Miller (3/15/2010)
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