Nation's Housing Market Will Continue to Rebound: Housing Expert
RE/MAX leader is optimistic that the improving economy and low interest rates will boost home sales.
The country's improving economic fortunes bode well for the residential real estate market in 2012, said Dave Liniger, chairman and co-founder of RE/MAX. His comments follow last week’s Illinois Association of Realtors’ (IAR) release of 2011 home sales. Based on the recovering economy, the leader of RE/MAX recently predicted a continued rebound in the nation's housing market this year. "Interest rates will remain at or near historic lows, and home prices will stabilize and start to rise by the end of the year," said Liniger in a prepared statement. "There is no question, the housing recovery will be slow and steady, but for many cities the turn-around is already happening." The numbers in Illinois seem to bear this out. As the year ended…
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Jim McMahon
10:57 am on Thursday, January 26, 2012
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