Inman AM: House prices to spike again?

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ADVERTISEMENT why stewart? Because we can help your business grow. Better closings mean better word of mouth, which can translate to more business for you. Find out how Stewart Title can provide you with those kinds of closings. TODAY'S TOP STORIES = Premium Member News- Join Now » Wednesday, June 16, 2010 House prices to spike again? By MATT CARTER Home prices could stay flat for an extended period before shooting up in a "hockey stick" recovery if builders can't meet pent-up demand once excess inventories are depleted, according to some analysts. "Don't get caught up in the numbers" to reveal signs of a recovery in your market, said Elliott Pollack, a Phoenix-based real estate investor and CEO of Elliott D. Pollack & Co. With homebuilding activity still near a record low, the inventory overhang in many markets is gradually being whittled away. More » 3 unsung rules of real estate negotiation Letters From the Home Front 5 key changes in lead-paint removal rule Some common past practices are outlawed 5 signs you are out of touch with technology From Future of Real Estate Marketing Tips for hiring best home inspector Experience, skills more critical factors than price OTHER TOP STORIES New economy belongs to the 'creator' Expect a gentle rise in mortgage rates Top 4 cool things about the new iPhone 4 A revealing look at financial markets Do FSBO sales lower real estate values? Latest News » NOTABLE QUOTE "Sellers often say, 'We want to test the market.' Testing the market is a poor idea because most showings occur during the so-called 'honeymoon' period, or the first 21 days in which the property is listed. After those first few weeks, showings drop dramatically. If the listing doesn't sell during the honeymoon period, it can end up being on the market for months." --Bernice Ross	ADVERTISEMENT Flexible and scalable partnerships. Customized fulfillment teams. Exclusive resources for faster closing. Learn about the benefits of forming a Strategic Business Alliance with Bank of America. Get started now. LETTERS A brief history of loan assumptions Counting the months to foreclosure 'Just reduce the principal and let's move on' More Opinion »
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