{"id":183,"date":"2013-03-26T05:57:00","date_gmt":"2013-03-26T05:57:00","guid":{"rendered":""},"modified":"2016-08-04T19:51:51","modified_gmt":"2016-08-05T00:51:51","slug":"housing-is-about-to-soar-really-it-has-already-started","status":"publish","type":"post","link":"http:\/\/margaretcanfield.com\/blog\/2013\/03\/housing-is-about-to-soar-really-it-has-already-started\/","title":{"rendered":"Housing is about to soar…..really? It has already started."},"content":{"rendered":"
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We’re only one year into this recovery… ” Doug Yearley said on Bloomberg TV yesterday morning.<\/p>\n

“Remember, we had seven of the worst years in housing that this country has ever seen. This recovery, we believe, should be a lot longer than just one or two years.” <\/p>\n

Yearley is the CEO of Toll Brothers, a nationwide homebuilder. When asked if he thought the strength in housing could continue, he didn’t mince words…  <\/p>\n

“We feel really good this spring,” he said. “Our orders are up 49%.” <\/p>\n

He explained that there’s simply “no inventory.” And “no inventory” is one of the key ingredients in seeing higher home prices ahead.<\/p>\n

You always have to take a CEO’s comments with a grain of salt. It’s his job to be optimistic. But I fully agree with his assessment. As you probably know, I have been extremely optimistic on U.S. housing for years now—expecting big gains.<\/p>\n

Our True Wealth Systems<\/i> numbers back me up…  <\/p>\n

In short, U.S. housing is the greatest value it’s ever been in our lifetimes—and probably the greatest value it will ever be.<\/p>\n

I objectively define value as “affordability.” Affordability is a function of 1) house prices, 2) mortgage rates, and 3) income. The first two crashed to an epic degree, making U.S. housing more affordable than ever.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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We’re only one year into this recovery… ” Doug Yearley said on Bloomberg TV yesterday morning. “Remember, we had seven of the worst years in housing that this country has ever seen. This recovery, we believe, should be a lot longer than just one or two years.”  Yearley is the CEO of Toll Brothers, a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-183","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-lake-geneva-real-estate","7":"entry"},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t