by Rob Wicker
The housing market is going to recover. That is one of the benefits of being in a fundamental business like real estate. People need to move for a lot of important reasons. For example, every year two million people in the country get married. And marriage, more often than not, results in some type of housing change.
Earlier this year I heard an economist from JP Morgan state that if car sales remained constant, we’d all be driving our current cars for 27 years. Not going to happen. Car sales will recover and so will real estate.