U.S. Housing Market Rebound?

4 04 2009

PMI’s quarterly Economic and Real Estate Trends (ERET) report is out. Click here.

If we look at historical trends in every recession for which we have data, going back to 1960’s, the housing market is usually the first sector to get hit but will turn upward before the end of the economic downtown. Conversely, job market indicators like payroll employment and unemployment rate have never improved before the recession’s end, and usually have not improved until some months after the beginning of the next expansion. As a result, in past recessions the housing market has always rebounded before the job market.

The report includes commentary on the national economy and regional housing price trends. Each issue feeatures the U.S. Market Risk Index, a tabular presentation of 381 of the most populated Metropolitan Statistical Areas (MSAs). The index is based on a statistical model utilizing economic data, real estate variables and market expertise. The model provides several measures to gauge relative residential lending risk.

For Economic and Real Estate Trends archives, view all ERET reports.

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