Are We Out of the Woods Yet? Economic and Real Estate Markets in 2011

Abstract

We seem to be basically moving sideways. The risk of a double dip recession is fading from summer highs, but growth is still elusive. The housing market itself is beset by headwinds. Specifically the persistence of negative equity and the shadow inventory are likely to drag down any gains in housing for a number of years. When housing will rise again will depend on the economy.