Spring Real Estate Market Springs Back

More and more experts are weighing in with positive projections about the national real estate market for 2012.  Washington DC continues to outpace the nation and median prices are starting to climb in certain neighborhoods.   Historic interest rates are attracting buyers as consumer confidence rises.   Read what some of the national experts have to say …

Jamie Dimon, JPMorgan Chase CEO

“I believe we’re very close to the inflection point. People look at prices that are still coming down but all the other signs are flashing green… You could come up with a pretty bullish case (for housing).

Frank Nothaft, Freddie Mac chief economist

“Even the housing market is showing some signs of shaking off the depression-like conditions that have plagued it for much of the past few years.” 

Goldman Sachs Group

“Stabilization in U.S. housing fundamentals is creating an attractive investment opportunity. Many of the ingredients are in place for continued improvement in housing.”

Lawrence Yun, NAR chief economist

“If activity is sustained near present levels, existing-home sales will see their best performance in five years. Based on all of the factors in the current market, that’s what we’re expecting with sales rising 7 to 10 percent in 2012.”