This year should be the bottom for the housing market and 2012 is supposed to mark a turnaround. In fact, even the voice improvements like bad news, and some forecasters say we will have another year of gloom clouds before the break.
“It’s possible the price will go up next year in most markets,” said Jed Kolko, Chief Economist at real estate information site Trulia. “By the local market does not measure the most would recover next year, but the price is only one measure of how the housing market doing.”
In short, it is a problem with the housing market today. Even the relatively good news, and the restoration of the right is still at least a few quarters away.