Team Thayer Property Servicing

Where do you see the housing market right now in terms of recovery, and what more, if anything needs to be done to have a complete recovery? In terms of where we stand, there's actually two ways to look at it. If you look at it from the perspective of home prices, we're pretty much fully recovered. Home prices are approaching their pre-bust peaks, and that's looking at it across the various gauges of home prices. If you look at it from the perspective of sales, it's not a complete recovery and not moving into expansion yet, but that's probably because we're not likely to revisit the kind of sales pace that we saw in the peak parts of the housing boom. Maybe we're halfway back from the perspective of sales, but if you think back to prices being richer, that can actually, oddly enough, can help sales because what it's likely to do is bring more supply into the market, then people see that the prices are higher and they start listing their homes, ...