Author: John McIlwain
Published: March, 2010
The housing markets in the United States are at an inflection point. As the economy recovers from its current turmoil, markets will stabilize, but the old “normal” will not return. Once-nascent trends will emerge as major drivers, creating new markets in new places. Those who fail to understand these new trends will miss opportunities or find themselves building what is no longer in demand.
The first part of this report reviews the current state of the market.The second part of this report looks at the need to reestablish the private-market resi- dential finance system.Part three looks at long-term trends that are emerging. After the recession, demand for housing will increase.