Hardware Retailing The Industry's Source for Insights and Information
Ever heard the phrase “damned with faint praise”? That’s what continually came to mind about the state of the housing recovery as journalists and industry representatives came together here for the annual conference of the National Association of Real Estate Editors.
It was one big “yes, but” discussion. Short version: The consensus was that the market has stabilized (and, in places like Houston, is going like gangbusters).
The longer version swirls around a number of concerns: Worry about young adults who just can’t seem to get interested in homeownership. Rising interest rates that will discourage many people from wanting to sell. And as much as homebuilding would like to recover, builders are having trouble getting their hands on the right kind of dirt.
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