Like the economy, real estate markets and planning continue to struggle with a severe drag of uncertainty. People wish the real estate bubble-bursting trauma would fade into oblivion already and allow things to get back to normal. However, optimism alone is not yet enough to outweigh the negative effects of stubbornly high unemployment, political shenanigans, European troubles, and the still bloated supply of foreclosed dwellings. We see positive signs for one quarter followed by pullbacks the next, making long-term, realistic planning extremely frustrating and difficult.
However, real estate trends and statistics are useful and helpful provided we get a broad perspective that takes into account all important factors. We start by looking at the local conditions of income, realty pricing changes, and inventory. We examine trends and expectations, but also take into consideration ramifications of national policies and financial constraints on the realistic potential for certain property transactions occurring.