Healthy Housing Market to come

Experts and analysts agree that the foundation for a healthy housing market is in place: low interest rates, a low unemployment rate, a rising population, and increasing wealth. With home prices at 2002 and 2003 levels, the stage is set for a large rebound.

“When the market recovers, home prices will march right back up quickly.”

In the meantime, experts called the current housing crisis the worst he’s seen since the mid-1970s, and a longer lasting one. But they blamed buyers’ lack of confidence that home prices will stabilize, not the credit crisis for the slower market.

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