Sunday, February 10, 2013
"In recent columns, we’ve expressed optimism about the outlook for real estate. We probably don’t need to worry about irrational exuberance taking hold any time soon, but 2013 is shaping up to be a year where we’ll see solid growth in terms of both prices and number of homes sold. All the important indicators are pointing north, signaling that better times are ahead.
Nevertheless, along with a feeble and struggling economy, the housing recovery remains fragile, and the impact of external forces or unforeseen geopolitical events could quickly derail future growth."