Monday, July 2, 2012

Housing Assessment By S&P

I recently attended an S&P seminar on the housing industry, via a webinar, that was well done. Below is some of the findings.

Below is a summary of their findings and conclusions.

"• Housing affordability is at all time highs.
• Consumers lack the confidence, and/or access to financing at acceptable terms, to take advantage of record affordability.
• The U.S. housing market appears to be stabilizing and is improving, but has yet to recover.
• A full recovery to post millennium high watermark standards, if at all, is likely years, if not decades, in the future.
• Job growth and sustained U.S. economic growth is the key to recovery of the housing market
• Are we recovering? Yes. Are we there yet? No.
• Price is the last thing to recover. Chatter, gossip and volume come before price.
• What’s “normal”? Prices rise at inflation plus a bit and location matters most."

Click Image To Enlarge Graph
To watch the entire Standard and Poors webinar on Housing click here.

No comments: