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Tracy Bunch, Real Estate Pro in Proctorville, OH

When should we expect the market to completely recover?

Asked by Tracy Bunch, Proctorville, OH Tue Feb 9, 2010

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4
When the government gets out of the way and allows the professionals to lead the way.
0 votes Thank Flag Link Wed Dec 7, 2011
When I have the answer I will email you from my new job as adviser to the President
0 votes Thank Flag Link Wed Feb 10, 2010
Everyones Crystal Ball if viewed thru a different lens. What would the Fed say? What would WallStreet say? What would complete recovery look like? Are all Markets the same? Will there be a complete recovery? I believe it's currently a great time to buy (for those that are able). Perhaps recovery will be when a specific Market(s) returns to a Sellers Market.
0 votes Thank Flag Link Wed Feb 10, 2010
Foreclosures are coming through 2012 hot and heavy. It could take a year to get them all through the process. That would be 2013. That makes it appear that 2014 is the first year possible for price appreciation on a nationwide basis.

As far as a market that has as many buyers in houses as existed in 2006, forget it. That was a statistical anomaly created by lending standards that should never return. A lot of people got burned by the stock market crash in 1929 and never returned to buy stocks gain. It is likely that a lot of people who having lost a house to foreclosure will never return to buy another house. Some from bad credit, some from not being able to really afford it, and some from being bit to hard to try it again.
0 votes Thank Flag Link Tue Feb 9, 2010
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