Quote:
Originally Posted by pj67coll
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.