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Housing Market Poll: When Will Florida Recover?

Wed May 25, 2011 by on Foreclosure Defense & Roy Oppenheim

The South Florida Law Blog believes it will be at least 2016 before Florida’s housing market fully recovers, but a new study shows many Americans are far more optimistic.

The results are in, and it appears the majority of those surveyed believe 2012 will be the magic year for the housing market. Trulia and RealtyTrac recently polled 2,034 U.S. adults aged 18 years and older to find out when most Americans think the housing market will recover. A mere 10 percent thought a recovery would happen this year, while nearly a quarter of those surveyed predicted a bumpy road until 2015 and beyond.

Despite recent reports that foreclosures have slowed and sales in Broward and Miami-Dade are trending up, Florida is not out of the woods yet. As special guest and Florida real estate developer, Pat Sessions, pointed out during our talk show From The Trenches, the market has yet to bottom out here in Florida.

As always, the South Florida Law Blog continues to share and comment on the latest in real estate news.

Tags: Broward sales trending upward, foreclosures, foreclosures slowed, from the trenches, housing market, housing market recovery, Oppenheim Law, Pat Sessions, RealtyTrac, recovery, Roy Oppenheim, south florida real estate, Trulia, when will the housing market recover

6 responses to “Housing Market Poll: When Will Florida Recover?”

  1. Housing Market Poll: When Will Florida Recover? | Foreclosure News Online says:
    May 25, 2011 at 9:14 am

    […] Source: South Florida Law Blog […]

  2. Don Petersen says:
    May 30, 2011 at 2:37 am

    Credit speculation for mortgage backed securities created the bubble.   Prices will not recover until the inventory is reduced and more borrowers qualify for a mortgage loan.  The over-hang of “in substance” foreclosures still dominates the market regardless of temporary upticks in real estate prices.  In Orlando, the mortgage servicers are still cancelling foreclosure sales.  Some clients who  surrendered their homes in bankruptcy over two years ago are still waiting for the servicer to file a foreclosure action.  Like Japan in 1990’s the U.S. economy has flat-lined.

  3. Florida Real Estate: High Inventory, Low Prices, American Nightmare | South Florida Law Blog says:
    June 4, 2011 at 2:22 pm

    […] today’s homeowner. Most Americans remain guardedly pessimistic, reporting they don’t expect the housing market to recover until 2014 or later. Keeping in mind the current excess of housing inventory and consistently falling home prices, the […]

  4. The Good, The Bad, The Ugly (Again): Miami Rebounds, Foreclosures Stall and Housing Prices Sink | One Stop Real Estate Information says:
    June 9, 2011 at 9:20 am

    […] the survey conducted by Trulia and RealtyTrac is any indication, the masses agree. One third of respondents expect the market to recover in 2014 […]

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  6. South Florida Law Blog's Top Stories for 2011 Pt. 2 | South Florida Law Blog says:
    December 31, 2011 at 9:33 am

    […] # 3 —  Housing Market Poll: When Will Florida Recover? […]

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