When you really break it down, there are 5 main factors that traditionally drive our market and will also be the same factors that will drive our recovery. The first 4 factors are easy to monitor and track: Housing Affordability, Job growth, Demographics and available credit. The 5th factor is more difficult to pin down (though not impossible), this is the “human” factor. Having an understanding of these 5 factors and their trends allow us to make reasonable predictions on how our market will develop in the near future.

For a further explanation of how these 5 factors will drive our recovery, please see my complete blog post on the subject: 5 Factors to Recovery
Related Posts:
National Association of Realtor’s 2011 Outlook
Is it Still a Good Time to Buy?
Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com
Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521
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