A US correspondent for “Affinity Group Solutions”- recently commented that, after two of the most miserable years in the US housing market there are signs again that it may be getting better.
A property broker in the US reportedly spoke to “Affinity Group Solutions” explaining how it’s been crazy and that they were so busy. There is so much relief after the two years of turmoil. Although not out of the woods it is real turning point for the battered US market.
For the last two years the mortgage industry in the US came to a standstill as the US suffers its worst downturn since the great depression. Hundreds of real estate businesses collapsed during this time. News of brokers beginning to get busy again will add to the confidence of the whole of the US economy. Analyst all agrees that for the economy to get back on its feet then its needs a healthy real estate market.
This renewed activity in the housing market will allow the market to bottom-out and from there we can hope to see steady growth over the following years. [“Affinity Group Solutions” expects the markets to bottom-out in the final quarter of this year with 2010 leading the charge out of recession.
“Affinity Group Solutions” analysts are apparently of the opinion that the new vigor in the market can be put down to low interest rates and government incentives coupled with the refinancing that has been popular due to low rates.
