November 2, 2010 Mara Bushari

In its new housing outlook report, The Concord Groupa real estate strategy firm based in Newport Beach, Calif. predicts that national home sales will recover by the fourth quarter of 2012, with some specific markets improving by late 2011 or early 2012.

“The Concord Group estimates sales for the next year will continue at current sluggish levels (400,000 units), with a recovery rate of approximately 640,000 units annually in the following year’s first half until the market returns to normalized absorption rates by the fourth quarter of 2012,” the report says.

The company says these markets have the strongest long-term growth potential:

  • Orange County, Calif.
  • San Jose, Calif.
  • Seattle
  • Washington, D.C.

The Concord Group’s housing demand model incorporates published employment forecasts, structural household growth, turnover, and obsolescence.

“Development of quality new housing in core employment centers is expected to be an opportunity,” the company says in a statement. “Meeting the needs of baby boomers, highlighted by their transition to urban areas, should remain a focus.”

Source: The Concord Group (10/12/2010), REALTOR® Magazine (10/13/2010)

Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

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