Some people are wondering if we’ve hit the bottom in the housing market. Realtors are seeing some positive signs that say things are getting better. These include increased numbers of home showings in many areas, and housing affordability was up to 72.8% in Q1 ’09 v. about 45% for the same period the previous year.
While these indicators are positive, some professionals believe we still have a while to go before we begin to see home prices level off. Check out this chart created by Yale economist Robert Shiller, which follows American home prices since 1890 and draw your own conclusions.
