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Old 01-02-2011, 12:19 PM
Craig
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Quote:
Originally Posted by pj67coll View Post
Without a massive increase in employment there is no chance of the housing market recovering.

- Peter.
Not everywhere, but the housing market should be in pretty good shape nationally by then. Ours already seems to be in decent shape, but I think our local market only lost about 15% of it's value at the lowest point. I'm sure local unemployment will linger in some areas (e.g., detroit), but I think the national average will be considerably better in 5 years. I'm not as confident that commercial real estate will recover quickly.
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