“The deeply depressed housing sector finally seems to have found its bottom — and may even be starting to bounce back. A wide range of housing indicators — construction, home sales, prices — have stabilized in the past few months, although they remain at historically very low levels. And it looks as if construction activity [...]
“SAN FRANCISCO — Walk through San Francisco’s bustling SoMa neighborhood and you’d be forgiven for thinking that the economic roller coaster of the last 12 years was nothing more than a bad dream. Both the dot com boom’s epic implosion and the misery of the Great Recession vanish behind a chattering group of enthusiastic engineers [...]
“After half a decade of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound. In some metropolitan areas, the market has bottomed, with both sales and prices on the rise and foreclosures on the decline. This contrarian — and largely overlooked — thesis [...]