In climate of good news, some argue housing crisis will continue

Miami /
Sep.September 02, 2009 06:18 PM

The shortage of good news in the housing market seems to have faded — Toll Brothers, K. Hovnanian and KB Home, among other large U.S. builders, have seen their share values spike, while figures on home starts have climbed for the last five months consecutively, according to CNN Money. Even California, which was one of the states hit hardest by the housing crisis, has seen its home prices climb. But some financial analysts, such as real estate researcher Mark Hanson, founder and managing director at Mark Hanson Advisors, believe that this current housing climate is not a recovery, but the calm before the storm. Hanson argues that the crisis was one created over a decade of bad credit decisions and that solving that situation will take far longer than people expect. “We’re entering the phase where the homeowner has to earn his way out of this mess,” Hanson said. “This summer is shaping up as the gateway into the next move down.”


Related Articles

arrow_forward_ios
10061 Southwest 60th Court in Pinecrest with Dr. Robert DerHagopian (Google Maps, Miami Cancer Institute)
Miami breast cancer surgeon Robert DerHagopian sells Pinecrest house for $6M
Miami breast cancer surgeon Robert DerHagopian sells Pinecrest house for $6M
2621 Flamingo Drive in Miami Beach with Mike Hezemans and Rita and Roman Shukhman (Compass, Wikipedia, Getty, LinkedIn)
Pro race car drivers sell Miami Beach spec house for $10M
Pro race car drivers sell Miami Beach spec house for $10M
Michael Dorrell, co-founder and CEO, Stonepeak Infrastructure Partners, in front of 235 Solano Prado in Coral Gables (The Jill Zeder Group, LinkedIn/Michael Dorrell)
New York investment firm founder pays record $34M for waterfront Coral Gables teardown
New York investment firm founder pays record $34M for waterfront Coral Gables teardown
Commissioner Eileen Higgins (Eileen Higgins, iStock)
Landlords now required to give 60 days’ notice of rent hikes over 5% in Miami-Dade
Landlords now required to give 60 days’ notice of rent hikes over 5% in Miami-Dade
(iStock/Illustration by Shea Monahan for The Real Deal)
Miami becomes least affordable housing market in the US
Miami becomes least affordable housing market in the US
Naples, Florida (iStock, Freepik, Illustration by Shea Monahan for the Real Deal)
Florida’s west coast cities rank among top emerging real estate markets
Florida’s west coast cities rank among top emerging real estate markets
(Photo illustration by Kevin Rebong)
South Florida real estate braces for flood insurance hikes
South Florida real estate braces for flood insurance hikes
Brian Tuttle wins approval for 205 single-family home project in Parkland
Brian Tuttle wins approval for 205 single-family home project in Parkland
Brian Tuttle wins approval for 205 single-family home project in Parkland
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...