So who’s got the REAL scoop on real estate?
“The housing market has decisively turned for the better. We are bouncing back,” NAR’s chief economist Lawrence Yun told reporters. (Source: SFAR Advantage Online)
“Bay Area home prices spiked in the three months ending June 30, part of a national upswing that suggests to many economists that the housing market’s long downdraft is coming to an end.” [Biz Times]
“But Robert Shiller, a Yale economist and principle author of the report, said in published reports that the downturn isn’t necessarily over, pointing to an stabilization in his house-price index early last year that quickly evaporated.” [Biz Times]
Truth be told, nobody knows wtf is going to happen, just like nobody could put their finger on when the bubble would burst.