Once prices do drop a little more, the demand for housing will start to catch up with supply, and maybe that will bring a more normal housing market next year.
That book value has been serially written down to reflect ever-weakening real estate prices, but would be written back up when housing prices start to rebound.
Plus, the really big uncertainties facing the economy at the moment are we about to fall back into recession? will housing prices ever start rising again?
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Until we can start to slow the housing decline, until we can start to get confidence in people again, so they can spend some money, this thing is going to be real -- real tough sledding.
Merlin Housing Society Ltd said it intends to start knocking down the social housing in spring 2014 "to address structural defects".
The gain signals continued strength for the housing recovery at the start of the spring buying season.
The point of the so-called bailout was to re-liquefy bank credit for everyone in the country and to jump-start the housing market.
Although the idea does offend my typically libertarian, free-market political ideology, I must admit that it would absolutely jump-start the housing market if rates were lower.
President Obama unveiled a proposal last week intended to kick start a housing market that's been dragged down by foreclosures and declining home prices for years.
When the housing market really does start a true recovery, those figures mean the pace of building will have to pick up quickly, though that potential springboard remains far out on the horizon.
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Now, the federal government doesn't have complete control over that, but if our plan is effective, working with the Federal Reserve Bank, working with the FDIC, I think what we can do is stem the rate of foreclosure and we can start stabilizing housing values over time.
The Seddon and Sanctuary Housing Group said it would start building work in the autumn.
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Hugh Mcafferty, area manager for Construction Skills apprenticeship, added that the government had to start building social housing for rent soon.
And that PHLX Housing Sector Index may finally start to march upward.
"Working together with residents, we can deliver long overdue housing improvements for Anfield and start building a brighter future for the area, " she said.
Since the start of the housing downturn, U.S. home prices have slumped nearly 33%, and many economists expect declines of as much as 5% more.
Some of the changes, which will affect those who work and live in council or housing association homes, will start in April under the Welfare Reform Act.
Precisely those purchases of assets to further ease monetary policy are cooking a bigger financial crash than in 2008, Peter Schiff of Euro Pacific Capital argues, and that collapse will start with the housing and bond markets.
These provisions need to be designed and applied in a way that does not deter the participation by the private sector in generally available programs to stabilize the housing markets, jump-start the credit markets, and rid banks of legacy assets.
In short I think its time to start getting back into housing stocks.
The first is that such things as house purchases (and thus housing starts, which will only start after constructors see people buying houses) are influenced as much by sentiment as by economic reality.
And that is the reason why we've been able to see 4.5 million jobs created. (Applause.) That's why we've been able to see the housing market just barely, slowly start to tick back up.
Economists have speculated the increasing amount of debt is impacting everything from business start-ups to housing prices, as more of more recent graduates cannot afford to live anywhere but with mom and dad, never mind purchase a residence of their own.
Then the bottom fell out of the housing market, so Mike had to start all over again.
We really needed housing to come back before we could even start being optimistic about 2016.
China plans to start building seven million public-housing units in 2012, down from 2011's 10 million units.
The ONS said the housing market in Britain had suffered since the start of the recession in 2008, with a smaller percentage of new households successfully acquiring mortgages.
However, Mr. Rothman expects officials in Beijing to start allowing their local counterparts to relax housing enforcements in the second quarter.
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When it does, this may start to curb speculative interest in the housing market, which has centred on the buy-to-let private rental market.
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