Given the slow pace of
home price recovery in many markets, it's little surprise that business launches are at one of their lowest levels in decades.
The previous upturn in housing prices faltered after a year, but all the signs suggest that the
current home price recovery will be sustainable.
Due to
lackluster home price recovery since the housing crisis, the negative equity rate in Irma's disaster area is nearly twice the national average.»
Many other factors could hamper
a home price recovery, such as another downturn in the economy, tighter lending standards or a surge in new foreclosures.
Leading
the home price recovery in major metro areas is Phoenix, one of the places that saw some of the steepest declines during the bust.
In the severely depressed markets mentioned in recent articles
the home price recovery, institutional asset managers have been buying - up the available inventory of single family homes «in - bulk» hoping to succeed in the unproven institutional single family home «REO - to - Rent Strategy».