The Recovery is Real
I was very happy to have had the opportunity to defend the housing recovery on Fox Business last week. Too many people make a name for themselves in the media for tearing down confidence in our beloved market. Here is a link to the segment.
I know some viewers think I am being Pollyanna, but they don't see what I see everyday. For example, take a look at these 20 year home price appreciation charts for various markets. Notice how each market had a different trajectory, enjoyed a boom, suffered a correction and made it back to the trend line that was established early in the chart.
This is the equilibrium I see all over the country. The market was like a sleeping bear. When it was jabbed with a sharp stick, it mauled us, and went back to rest. The recovery is real. The data back me up. Naysayers will always be out there, but we need to fight back.