Fannie Mae Expects rents and home prices to climb in 2012

front porchNow is the year to make a decision. Finally! After a long hibernation reports are coming out left and right about real estates rebound. Its been over four years now that real estate prices began their downward decent. The stock market is growing, jobs nationally are growing as more employers look to grow their operations. In south east Michigan we are experiencing a shortage of engineers, skilled labor, technology experts and the list goes on and on. Dan Gilbert from quicken loans recently made a push to try and hire some of the laid off Yahoo worker from silicon valley. In a day he got over 7000 hits on his request. Twitter is moving an office to Detroit, office space absorption is growing in the region. All of these are positive economic indicators for this area. We already know real estate has been on the rebound for almost nine months in the area but things are really starting to get interesting now. The most important indicator has shifted now: consumer confidence. Once consumers think the market has returned its just a matter of time…

Take a look at the article:
Consumers may prowl for homes in 2012: Fannie Mae

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