elliottonrealestate.com » stabilization http://elliottonrealestate.com Insights on Atlanta Area Real Estate Tue, 13 Jul 2010 13:30:12 +0000 http://wordpress.org/?v=2.8 en hourly 1 Declining Inventory Sign of Stabilizing Market http://elliottonrealestate.com/declining-inventory-stabil-110609/ http://elliottonrealestate.com/declining-inventory-stabil-110609/#comments Sat, 07 Nov 2009 17:00:58 +0000 Elliott Robinson http://elliottonrealestate.com/?p=501 An important reason that the housing market is stabilizing is the reduction in inventory. Current sales and inventories suggest that supply will decline below the pre-2006 levels by the end of 2009.

But analysts say that the stabilization of the market doesn’t mean that prices will rise anytime soon. They point to what they call “shadow inventory,” foreclosed homes that banks are holding off the markets. They predict that these homes will hit the market in spring 2010.

But overall, they are optimistic that the housing recovery is built on an improving economy and say that the market will continue to stabilize.

Source: BusinessWeek.com, James C. Cooper (11/09/2009)

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Elliott Robinson, JD – Associate Broker
Keller Williams Realty Metro Atlanta
315 West Ponce de Leon Ave., Ste. 100
Decatur, GA 30030
(404) 431-2117
Web: www.elliottyouragent.com
Blog – www.elliottonrealestate.com
Twitter – http://twitter.com/elliottrob

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