Many questions surround the housing market these days. Where is it going? Is it a good time to buy or sell? In order to make a prediction, several factors must be considered: jobs and the perception of job security, the number of housing starts and foreclosures and a market’s absorption rate (the number of months it takes for an inventory of properties to be sold) must all be analyzed. Other factors that will affect recovery time are possible attacks on US soil and “Foreclosure-gate”, both of which would slow down the market’s recovery.

Market predictions are all over the board, from negative views of doom and gloom lasting years, to a recovery a year from now and a recovery in full swing by 2013/ 2014. Many analysts believe the market is moving slowly through a recovery phase. With current interest rates and prices low, this is a great time to review your ability to purchase a home. Read more here.