Real Estate Professionals Expect 2012 to Mark the End of the Down Real Estate Market, According to ActiveRain Study

Based on responses to ActiveRain’s survey of more than 1,800 property practitioners, this year could see transition from a housing slump to a budding recovery. While the outlook varied across local markets, ActiveRain CEO Nikesh Parekh stressed that “the fact that, as a group, they expect improvement during 2012 is a good sign for the real estate industry and for the economy overall.” Specifically, the poll identified the top 10 markets nationwide that are expected to lead the housing rebound, with Fort Myers/Naples, Fla., heading the list. Other standouts include Miami-Fort Lauderdale, Fla.; Denver; Salt Lake City; Boise, Idaho; Nashville; and Austin, San Antonio, Houston, and Dallas/Forth Worth in Texas. Despite the optimism, ActiveRain notes that recovering housing markets will continue to be challenged by short sales, foreclosures, and loan underwriting standards. | Read More