SAN ANTONIO (San Antonio Express-News)
– In light of recent housing market woes, many leaders in the real
estate industry are looking to apartments and rental properties as the new
hot market.
Falling home prices, increases in foreclosures and anemic job growth are
weighing down the home market and seem to be the driving force behind
this national trend, Zillow Chief Economist Stan Humphries said at last
week’s meeting of the National Association of Real Estate Editors in San
Antonio.
However, Dr. Mark Dotzour, chief economist for the Real Estate Center
at Texas A&M University, said U.S. housing numbers and reports often
do nothing more than cause potential homebuyers in healthier markets to
panic.
“They’re not helping people make good decisions,” Dotzour said.
“It’s kind of a hindrance.”
Dotzour said good properties in stronger markets continue to hold their
value.
