Altos Research says the housing market is undergoing ‘The Catfish Recovery," meaning housing prices will stabilize near the bottom, and stay there awhile, much like a catfish is a bottom feeder swimming around somewhat randomly, yet sustained. In noting the relative constancy of the median price of housing over time,
Altos predicts a ‘catfish recovery’ for housing market Was it simply a late spring for housing? – Orange County Register – Was it simply a late spring for housing? Share this:. The housing market, like any market, experiences volatility.. What is the catfish recovery? housing prices will find their way back to a.
Contents Web developer michael lending restrictions based 8h. jimmy carter Home price stall-out spreads from lower-priced homes to higher end. Continue Reading Altos predicts a ‘catfish recovery’ for housing market
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It’s the Catfish Recovery. Catfish spend their time moving slowly at the bottom of lakes and rivers bobbing up and down from place to place without a clear direction. Expect prices over the long term to hit a bottom, rise a bit, sink back down, rise again-a pattern we expect with the housing market for several years.
With home prices creeping back to near pre-recession levels, the housing market is well into recovery mode. For it to get there, it has needed a lot of factors to click into place: the pool of buyers had to grow, average credit scores needed to rise, and consumer confidence needed to increase.