Housing Declared Bottoming in U.S Essay Example | Topics and Well Written Essays - 250 words

Housing Declared Bottoming in U.S - Essay ExampleThe central issue in the article is the state of the U.S housing market this year, former to past trends and expected outcomes in future. The markets collapse hits a bottom position in the 20th and 21st centuries, but different stakeholders memorialize their optimism towards retrieval and sustainability of favorable business in the market. Confidence of consumers, home seizure trends, supply of foreclosure and market healing processes in 2012 (Keith & Short 89) are central to the kindle of the article. Different views are aired but one thing is for sure the housing markets performance is poor, with unpromising months to come due to recovery al mildance period.The housing markets recent performance is the issue at hand. Past recorded prices and house demands are not comparable to the flow situation. The tortoise speed increase in demand is shedding some light to improved sales, but the optimal functionality of the market is far from being realized. The agents point of view is not different from those of contributing stakeholders, evident that the housing market is on the verge of collapsing if not already collapsed. However, the author is one of the approbatory stakeholders, arguing that the market is taking a stable aspect and that its recovery is or will be sustainable in the next few months. The authors opinion is substantiated by drawing evidence from numerous experts in housing matters.The housing market in U.S is actually bottoming. Hitting an all-time low since 1930s means that the trough has already been realized. This means that the article is right, and this is because the claims of the article are actually backed by evidence from various housing variables in the market. The claims presented by various parties including the author are right. The performance of the market is poor, with low response to recovery strategies (Olivier 150). Data has also been employed to reinforce the claims. All intervi ewees