ON THE REBOUND – FOR NOW
What is going on with the housing market? Going by earlier predictions, it should have been in dire straits by now, with stalled activity and crashing prices at the fore. But, to date, that hasn’t happened. Instead we are seeing a bit of a market resurgence.
Agents and advisers alike say they are busy, with high demand driving activity. There’s plenty of tales of multi-offer situations where the property has ended up selling above expectations. And the latest round of data appears to support these anecdotes.
Yet many experts are pushing back on these trends. They continue to urge caution: tough times are ahead they say, and the market can’t help but be impacted by the uncertainty of recession . . . So this month, we’re asking the necessary questions to try and make some sense of it all.
IS THERE REALLY A MARKET REBOUND?
Well, going by the latest data, it certainly looks like it. Take
