A slow, stable upturn is predicted for the US housing real estate market despite continuing challenges, according to an inform from the National Association of Realtors.
NAR chief economist Lawrence Yun to the 2010 Realtors meeting and Expo that he expects a continuing improvement of underlying fundamentals of the current market in the coming years. Thomas Hoenig, president of the Kansas City Federal Reserve Bank, told the conference that re-establishing sensible, solid underwrite standards and down payment supplies would help steady the market.
‘I am sure that the nation’s housing market will get stronger. What we need is a more constant market in the future with healthy cycles and not booms and busts,’ said Koenig. On the whole real estate experts are cautiously bright about the current and future state of the industry.
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