More Economist Jump on Band Wagon Recovery!

Good news for the housing market as more economist jump on the recovery band wagon recovery.  Bank of America, Zillow’s chief economist,  Stan Humphries,  both GSEs,  Fannie Mae and Freddie Mac and Kiplinger’s experts are all forecasting growth and better numbers.  Seeing shrinking inventories and less short sales all add up to positive signs. Kiplinger’s experts are even suggesting that the housing will help lead to the overall recovery of the economy in the second halve of this year.
I am glad to see all the improvement and positive signs.  I will be out in the field for the next few days.  Looking at homes and writing offers.  I can see the drop in REO and Short Sales as only about 35-40% of homes I will be showing are distressed properties.
The only economist that are not jumping on the band wagon are Fiserv and Moody’s.  They both use Case-shiller data.  They predict that the housing market will dip another 1% between March 2012 and March 2013.

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