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U.S. housing market continues to rot, no rebound in 2011

Posted on 19 November 2010

From Marketoracle.co.uk: Larry D. Spears writes: The year of 2010 saw very little improvement in the housing sector, and that’s not likely to change in 2011. The industry’s weaknesses - high unemployment, tight credit, ineffectual government programs, soaring inventories, plunging prices, and so on - are simply too gaping to be resolved by next year.
Even the normally ultra-optimistic National Association of Realtors (NAR) came out of its annual conference in New Orleans in early November with a frown on its face, predicting that, “nationwide, homeowners can expect little, if any, increase in home values in 2011.”………………………………………Full Article: Source


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