Dec 10 2012
Housing: The Little Engine that Could
Posted in Blog
No Comments
Posted on: November 27, 2012
Housing: The Little Engine that Could
By
Frank Anton
A weak housing market often gets blamed for the Great Recession as well as the anemic economic recovery.
But, if the pattern portrayed in the accompanying chart holds, housing should, as it always has, come to the
economy’s rescue.
With NAHB’s Home Builder Sentiment Index at 47 (the highest level since 2006), it’s reasonable to assume
that housing’s contribution to GDP should move back to its traditional average of about 5%. That percentage
was as low as 2.5% in 2010, when the Index was at 8, an all-time low, and it was as high as 6.2% when the
Index peaked at about 75 in 2006.
Economists now see housing generating up to 20% of overall GDP growth in QIV 2012. GDP growth means jobs;
jobs mean a stronger housing market; and that means more jobs and so on and so on, which means the end of
the vicious economic cycle triggered by housing’s collapse and the real start of a robust recovery.
Featured Properties
857 Home Carlsbad CA 92008 $ 1,950,000.00
One of the private enclave of 5 homes at Carlyle Carlsbad Village. Set on a private street, this home is newly completed in exquisite detail and ready for immediate occupancy. 3 bedrooms/3.5 baths set on 3 levels with private elevator & 2 car attached garage w/ epoxy floor. Enter to a bonus living space and…
3154 Lady Bug Ln San Marcos CA 92069 $ 4,750,000.00
Outstanding value: 21 acre equestrian training facility with 5 legal parcels, 2 barns w/ 45 stalls, a hilltop home of 3,264 Sq Ft with 3 bd and 3 baths, large master suite, chef’s kitchen, outdoor entertaining area with pool, spa & BBQ, plus a second home, all overlooking the beautiful Twin Oaks Valley. Horse improvements…
2345 Cherokee Palm Springs CA 92264 $ 210,000.00
A gorgeous condo located in Oasis Resort! With the great San Jacinto Mountain view from the patio, 2 masters suites with their own private, an extra bathroom for visitors. Great kitchen, bathrooms and floors! NO rental restrictions (City of Palm Springs regulations apply). Insurance, water, trash, basic cable and ground maintenance is cover by HOA….
38150 Overview Road Temecula CA 92592 $ 650,000.00
LOCATION, LOCATION, LOCATION!!! Opportunity to own in Temecula! This MAGICAL home offers stunning panoramic views overlooking Lake skinner and HOT air balloons , nestled within Temecula wine valley. This upgraded home is on 10.12 acres in the Equestrian Community of Oakridge Ranches in Wine Country. Tremendous opportunity to develop another home on graded, certified PAD…
590 Evelyn Beverly Hills CA 90210 $ 6,000,000.00
Glass walls and open space are signature features of this Matlin & Dvoretzky 4-bedroom Mid-Century home. Located at the end of a cul-de-sac in the Trousdale Estates, you are sure to enjoy the oversized pool, lush back yard, and patio with BBQ. One room flows into another giving this home has an ideal layout for…
4347 Rainbow Vista Fallbrook CA 92028 $ 799,900.00
Life is better with a view! Original owners have created a home that’s beautiful & close to off the grid. Bring your toys, projects, horses, & dreams. Drive up and you’ll feel at home. There’s a beautiful 1,500 sq.ft wood tiled deck that wraps the front & side of the home. It’s the perfect place…
1153 La Verne Palm Springs CA 92264 $ 315,000.00
Nestled in the highly sought after South Palm Springs neighborhood of Canyon South 1, this beautifully updated condo offers 2 large bedrooms, 2 bathrooms, and 2 large patios that host wonderful views and make Palm Springs indoor-outdoor living a breeze. Updates to the home include: Travertine floors, Wood floor living room, Plantation shutters, Granite countertops…
1468 Sunflower Palm Springs CA 92262 $ 179,900.00
$3500 credit for painting + any repairs. This is one of Palm Springs’ most popular condominium complexes because of price, location and definitely atmosphere. Tenant occupied. Tile floors, new dishwasher inkitchen, newer a/c and hot water heater.Washer/dryer in garage . New garage door with automatic opener. Private side and back yards. Condo will be delivered…
33743 Blue Water Temecula CA 92592 $ 875,900.00
Stunning Pool Home Located in South Temecula Creek Community,This Turnkey Home has everything,at the of end of a cul-de-sac. Backyard Paradise Entertainers Pool & Spa and a large area for relaxing in the sun. The Gorgeous home has a open floor plan flowing with natural lights ,gorgeous neutral modern colors and style.It welcomes you into your formal living and formal dining room, laminate wood…