It looks like the housing market may have hit bottom, setting the stage for a mild housing recovery to begin prior to year-end 2008, according to a new study by SMR Research Corp. The market's recovery is likely to be gradual, with house prices merely firming up or increasing slightly, rather than returning to the strong growth seen from 2002 to mid-2006, the firm said. An SMR study was among the first to declare (in 2002) that a housing price bubble existed, defined as prices rising faster than consumer incomes. In a 2004 study, SMR forecast that a "perfect storm" in credit quality would cause an explosion in foreclosures within two years. SMR specializes in mortgage and home equity loan industry research. "Our prior forecasts were accurate but widely disbelieved when issued," says SMR President Stuart A. Feldstein. "We similarly expect a skeptical reaction now to a recovery forecast, which is not the common view. But the numbers are what they are." The new recovery forecast was published within SMR's annual spring study. "Homes are now affordable again," Feldstein says. "Consumer psychology is the biggest remaining hurdle to recovery."
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About Millie Rojas:
Millie Rojas, a real estate consultant since 1981. She joined Century 21 as a full time Realtor in 1996 and has been the top producer for Century 21 Stars since 2000. Then in 2004 she got her Broker's license and completed a course in Fine Homes and Estates. Century 21 has awarded her with the 2004, 2005 and 2006 Masters Ruby award. Millie has the knowledge, experience, and proven ability to handle all your real estate needs.
Millie has built her career as a real estate CONSULTANT because her priority is complete customer satisfaction. She provides up-to-the-minute, well-researched options for her clients. Homebuyers and sellers will benefit from Millie's educational focus on the home buying and home selling processes and her knowledge of the local and regional market. She puts her education, skills and her credentials to work for you. Total satisfaction is her goal. Millie Rojas works to meet all your real estate needs, not just the immediate ones.
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