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Housing market ready to rebound
- Article from:
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Inland Valley Daily Bulletin
- Article date:
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November 5, 2006
- Author:
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Copyright informationCopyright 2006 Inland Valley Daily Bulletin. Provided by ProQuest LLC. (Hide copyright information)
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The new housing market is down, but should begin rebounding in the
first half of 2007 after a relatively soft landing.
That's the word from housing think tank Metrostudy in a report
released last week.
"The entire housing market - resale and new - is evolving as it
attempts to establish a balance between supply and demand and a more
sustainable rate of absorption," Steve Johnson, director of the
Houston-based company's Southern California division, said in a
release. "Increasingly, reports of resale price adjustments are
becoming the norm, although they remain localized and may not
indicate a regional trend."
Builders are cutting back in pulling permits in both San Diego and
the Inland ...
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