Altos predicts a ‘catfish recovery’ for housing market

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It’s the Catfish Recovery. Catfish spend their time moving slowly at the bottom of lakes and rivers bobbing up and down from place to place without a clear direction. Expect prices over the long term to hit a bottom, rise a bit, sink back down, rise again-a pattern we expect with the housing market for several years.

With home prices creeping back to near pre-recession levels, the housing market is well into recovery mode. For it to get there, it has needed a lot of factors to click into place: the pool of buyers had to grow, average credit scores needed to rise, and consumer confidence needed to increase.

Signs point to another good year for the housing market, although the recovery most likely won’t clock the same breakneck speed as last year. Here are 5 predictions, made by experts in the field, to.

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Housing Bubble 2.0 - 5.2 Million Homes Seriously Underwater ? Recovery Over !  The housing market is going to surge in 2015, despite the bearish predictions from many critics in the housing industry recently, according to a report to be released today by Altos Research, a.

Housing market hit bottom: former RealtyTrac exec. Well, it’s official, we have hit bottom! At least according to Rick Sharga, former RealtyTrac exec. The U.S. housing market hit bottom this year and will remain flat until 2014, when it will start to slowly recover, said Rick Sharga, an executive vice president withCarrington Mortgage Holdings.