Fairview Lending specializes in hard money lending / private lending in CO, GA, and IL. We actively watch real estate values in our key markets. There was a recent article on Bloomberg regarding the state of the housing market: Housing’s anemic rebound gives little boost to U.S. economy.
This is an interesting article that basically states that housing prices should begin to increase but at a very slow pace. I think we are in for the long haul on housing prices. With the foreclosure overhang, it could be years basically kicking around the bottom of the market. Substantial changes in employment will have to occur in order to stabilize the housing market. Unfortunately on the horizon, I see the employment looking weaker (especially in the public sector) which will put a lid on housing prices. If you disagree / agree, please leave a comment with your thoughts