does anyone know when the real estate market is predicted to improve?

Answer 1

I have been thru a large number of these cycles. Just like we could all see this crash coming but we didn't know when the "tipping point" would come, it is the same with the recovery.

First some of the loan problems will have to be corrected, then the builders new home inventory gotten rid of, then one day it will recover. It will happen in a flash when it does and you will suddenly hear of a friend that made a big profit in a home.

Answer 2

We all wish that we had this answer. I definitely think that the media is making the bad situation of the market even worse. I have rarely heard good thing about the market lately. I did read one article that said that things should be looking up at the beginning of next year! I am hope full for that since I do work for a builder. The end of the year with the holidays are always not that great, so we are all hoping that we can make it though this.
The one thing that people don't hear enough is that it IS a great market to buy in. I explain this daily to people. It is a Buyers Market that basically means that if you are looking for a home now is the time, there are so many homes to choose from and you can get the best deals right now. Lets say that a builder is offering 20k off well when it turns to a Seller Market our prices will increase and our incentives will go down to 5k. You can get the best home for you money right now.
There should be more qualified buyer purchasing homes right now, people with good credit and with money down - and that is a really good thing because builders and banks are less at risk.

Answer 3

Too much over building adding so much inventory to the housing market. We need to buy up the inventory and stop OVERBUILDING! In other developed countries, this never happens so this keep values high. For example in NYC, there are tight resrictions on building or developing. And of course there is no land to build. This market has not only sustained its values but continues to raise. A typical apartment in NYC costs $1,000 per square foot. In Paris, its even higher because of the strong Euro. Sure we have a lot of land, but the govt. needs to resrict the over building in this country...All the home builders are taking huge hits and I suspect many will go out of business. Its just about greed. I suspect the market will improve with in the next couple of years.

Answer 4

There are articles on this in newspapers and on the Internet every day...
Some "experts" say it will take 2 years for the market to recover, some say 5 or 7 years, but NOBODY knows for sure. If anybody knew, we'd all be rich, don't you think?

Answer 5

I can tell you "exactly" when the improvement will start. It will start when you start reading and hearing about it in the media. Our country is so "brainwashed" to believe all the media crap that we follow like sheep. If you don't believe this, go back and review media coverage of previous ups and downs and you will see that our countries sheep (us) follow right along with whatever is being published.