The good news: Houses are selling! Supply and demand is leveling out and hopefully buyers and sellers and engaging in some common sense. Does that mean there are no deals out there? Of course there are deals and steals, but they are fewer and far between. Banks are still lending but will probably never give money out on a handshake and a signature again.
What does economy and real estate recovery look like? For starters it’s messy. It’s not easy and it’s certainly not fun. If the country was ‘recovering’ from a huge earthquake we’d all be using bulldozers, shovels and at the very least mops and brooms to clean up the mess. Clean up and hard work come first, satisfaction comes much later.