....I can make a few predictions.
Most economists say that the stimulus, which funded thousands of shovel-ready projects nationwide, did create construction jobs, and that the economic climate might have been far worse without it. That said, another massive program, if focused on long-term fundamentals like adjusting the tax code to help businesses, giving business more incentives to hire or helping to alleviate consumer credit card debt, could "help to repair balance sheets," said Noah Rosenblatt, the founder of Urban Digs, a real estate analytical website, and a broker. That, in turn, could significantly brighten the mood of the housing market.
The next presidential election is just around the political corner, and experts say that it could have serious implications for the economy and the real estate market as a whole. One school of thought is that if either political party wins control of all of the key levers of government, the political gridlock that is now paralyzing Washington could begin to ease. "I think that gridlock is one of the contributing variables to the general … lack of confidence in the future," said Terrence Martell, a finance professor at Baruch College who also worked for years on Wall Street. "People aren't stupid. They can read the tea leaves."
If the population continues to grow as predicted, inventory could be absorbed at a more typical rate, unlike what has happened in the last few years, when much of it lingered on the market. That rising tide could lift the entire industry, according to analysts.
So, while no one has a crystal ball many analysts are hopeful about an improving houseing market for a variety of reasons.
Oct 5, 2011
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