Nov
30

When Will Normalcy Return to the Real Estate Market?

By
– National Real Estate Investor

At the recent Urban Land Institute (ULI) annual fall conference in Washington, D.C., the question on everyone’s mind was: “When will the real estate market see some normalcy?”

Now that I’m back at the daily grind in San Francisco, I find myself reflecting on the discussions and unique perspectives shared by colleagues from around the world.

A key point continually reiterated was that the real estate markets would not see any type of norm until 2013 or 2014. The good news was that we’re at the bottom, but we may have five years of excess supply, particularly tied to pending and upcoming foreclosures. The average foreclosure takes nine months to a year, creating a hidden and looming supply of properties for the market.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE
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