Harvard Study Among New Reports Of Market’s Recovery

Each year Harvard University’s Joint Center for Housing Studies releases a report on the state of the nation’s housing from their research and viewpoint. This year’s edition points to increasingly strong fundamentals that have the housing market poised for a significant recovery this year. Some markets are already seeing this impact. The primary area that continues to restrain the recovery though is job growth. The relatively tepid job growth continues to make people cautious about new purchases of homes. The continued rate of foreclosures and other distressed properties was also pointed to as hampering substantial recovery in prices. However, reports such as this continue to be optimistic about a gradual recovery of the broad market and certain communities are certainly already seeing an uptick.

Stephen Woodall

REALTOR, GRI @ Long Realty Company

Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.