Housing Giants - August 11, 2008 - (Page 15) While there is significant pressure to call a bottom (particularly from stock investors), the truth is that each market will recover at a different pace and the better submarkets within an area will recover years before the worst submarkets. Early indicators of a bottoming housing market will be: Stable sales volumes and pricing in a number of the best-located communities Multiple land transactions at prices where builders can achieve a healthy margin Neither of these is occurring yet, but we expect them to occur later this year. Listings Each month, we track listings volumes for hundreds of markets across the country. While markets that were slower to “Prices will continue to fall until demand and supply come back into balance.” www.Housinggiants.com 8.11.08.Housing giants 15 http://www.housinggiants.com
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