As we wrapped up in 2011, Trulia’s Chief Economist looks ahead at what’s in store for the battered housing market and the city has a great reason to celebrate the new year.
Crystal ball I never crystal-clear as I want, but I think that we can expect the gradual economic recovery moves a few steps back housing market to normal by 2012. Nevertheless, we still have a long way to go. As we come out in 2011, prices still don’t have rebounded after their great loss, supplies still well above normal, and the rate of foreclosures are still much higher than before the bubble. Even the best possible 2012 will not back us half-way to normal.
2) multi-unit construction project of the new starting later this year will be completed and available for rent. To handle the high cost of living at the head of the growth-kill the priciest city in the local Government must get rid of, high limit and permitting process difficult, which stifled the construction and urban development encouraged to the periphery.