Even though the Fed is saying that the retail sector of the United States market is growing, especially through the holiday season it seems real estate is still behind. While, this isn’t a surprise in the least. After the recession of late especially, many who could still afford a new home are understandably hesitant.
There hasn’t been enough in the way of positives either to create any sort of ‘warm feelings’ over the market of late either. Although things are starting to get better, and there is an expectation of the trickle effect. There’s no real doubt that eventually things will certainly look up, it’s a matter of getting there.
The Fed said retailers across the country were growing more optimistic about holiday sales. But the central bank warned that home prices in many markets were still declining and said that severe distress in the commercial real estate market continued to present formidable barriers to economic recovery.
(Source)
Yet, when it all does go back to ‘normal’ many precautions need to be considered to avoid more of the same. Many others are looking into ways to add more certainty to all aspects of credit, loans, and the rest of the financial side of things.
While this leads to a large amount of uncertainty, if you can afford it- you can brace yourself for the next bubble growth.
