Fortune Magazine recently published an article advising "Forget stocks. Don't bet on gold. After 4 years of plunging home prices, the most attractive asset class in America is housing..."

 

Mike Castleman, founder and CEO of Metrostudy--a company that has for 30 years tracked real time data on new home inventory says "...in 35 years I've never seen a shortage of new construction like the one I'm seeing now today."

 

Each quarter Castleman sends 500 inspectors to drive through 45,000 subdivisions across the nation covering around 65% of the U.S. housing market.    They are now seeing an amazing reversal of the new home inventory glut that helped sink prices a few years ago.  Inventory is 1/4 what it was in the peak.  Two factors laying the foundation for dramatic recovery in residential real estate are the historic drop in new construction coupled with the steep decline in prices which have fallen approximately 30% nationwide since 2006.  The hardest hit markets have fallen as much as 55%.

 

All this makes for an historic time to buy.

 

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