FHA Commissioner David Stevens spoke before the audience of Realtors and executives, calling the long term prospects for the real estate market “incredible,” according to NAR. Pointing to young households as a demographic that is growing larger than the baby boomer demographic, Stevens notes that their entry into the market will lead to “an incredible real estate market in the future.”
Lani asks “By ‘incredible,’ don’t you really mean ‘uncertain’?”
That had me laughing. I think we’d all like to see a merely-credible future for real estate right now!