Housing Nearing a Bottom?

A recent survey amongst Realtors say we are very near the bottom. (Source: Inman News (subscription)

Three out of four Inman News readers participating in an online survey say housing markets in their area are improving or stabilizing — and most said they’ve noticed the change only in the last two months.

“Buyers are seeing inventory move, and that gets them moving. Interesting how that happens,” said a Summit, N.J.-based respondent who sees improvement in a market where many homes are located near commuter train lines to midtown Manhattan. “Yes, there are actually bidding wars again on well-priced, staged homes in great locations.”

Among 225 readers responding to the survey from March 23 to April 1, 48.9 percent said housing markets in their area were improving, 27.1 percent said they were stabilizing, and 12.9 percent characterized them as worsening.

What do you think? Is this REALLY the nearing of the end to the reeling real estate market nationwide? Leave us your comment below. We’d love to hear your opinion.

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