For a change, possible good news on the housing market from WSJ

We don’t get much good news on the housing market these days as far as homeowners are concerned. The past few years have seen steady declining equity. The market has been good for investors flocking back to the real estate market and first-time homebuyers—at least those who could navigate the mortgage waters to secure a loan. But otherwise it's been bleak.

But today, it was a hint of light at the end of the tunnel from The Wall Street Journal. In an article entitled “Why 2011 May Be the End of the Housing Crash” (reprinted in today’s SacBee Business section), author Simon Constable makes his case for why he believes we are nearing/or are at the bottom of the housing market. He also points to numbers that show that housing is the most affordable it’s been in decades.

I wish the article got into some regional analysis. Especially as we know that (in Sacramento, and even Folsom) we've been among the harder hit markets in the nation and struggling with economic recovery.

Based on the article the news seems to be: hang-in there for homeowners, and for buyers, it’s worth seriously considering buying or investing in real estate.

You can find the full article on WSJ’s web site.

all4now