"Catfish Recovery"
June 23, 2011
In an article by Steve Cook in RISMedia on June 8, 2011, Scott Sambucci, vice president of market analytics for Altos Research is quoted. I found the quote and the designation "catfish recovery" to be right on target. I share it with you.
"We've entered the catfish recovery. What is catfish recover? Housing prices will find their way back to a fairly stable and sustainable place near the bottom and they'll stay there for a while. Catfish live on the bottom of lakes and streams, bobbing up and down, moving around without any clear direction. The housing price trend will look like the path of a swimming catfish, and that's why it's the catfish recover." says Sambucci.
I personally love images and for me this is a perfect description of where we are in the housing market. In his Webcast he also adds : "We're heading into the single best time to make money in real estate, but only for smart people."
In an article by Steve Cook in RISMedia on June 8, 2011, Scott Sambucci, vice president of market analytics for Altos Research is quoted. I found the quote and the designation "catfish recovery" to be right on target. I share it with you.
"We've entered the catfish recovery. What is catfish recover? Housing prices will find their way back to a fairly stable and sustainable place near the bottom and they'll stay there for a while. Catfish live on the bottom of lakes and streams, bobbing up and down, moving around without any clear direction. The housing price trend will look like the path of a swimming catfish, and that's why it's the catfish recover." says Sambucci.
I personally love images and for me this is a perfect description of where we are in the housing market. In his Webcast he also adds : "We're heading into the single best time to make money in real estate, but only for smart people."
posted by shirley harry at 8:20 AM
0 Comments:
Post a Comment
<< Home