The Redfish Emerging Markets team is most pleased to announce today that we’ve released the latest monthly update of our Homeowners’ Market Fundamentals Index today.  Click here for the free report.  Here’s a link to the full press release.  Investors note - these rankings are for homeowners and potential homeowners, not single family home investors. 

Here’s a bit from our press conference this morning –

“The nation’s residential real estate woes remain at the core of the credit crisis impacting the markets today.  Real estate news from many communities around the nation is sobering, and produces ample reason to worry.  But we need to think about and discuss what it will take to foster recovery in individual housing markets, and that requires a much broader perspective than just thinking about price.

As we shared a month ago, we think it’s time to turn the discussion from focusing on single family price losses to looking with a sharper, more discerning eye at the wide array of factors which foster healthy housing markets.

As we look toward the slow, drawn out, deliberate process of recovery in housing across the country, there are many factors besides asset price which will impact recovery.  Additional key factors will include the health and vitality of a community’s job market, population growth as a housing demand driver, well balanced demographics, a healthy rental market, as well as a number of single family housing metrics in addition to price – such as current unsold inventory, affordability, and supply growth relative to demand.

The discussion simply can’t focus on price alone as all these factors are absolutely critical in terms of housing recovery at the individual market level – which is where the rubber meets the road. We’re measuring and ranking individual market efforts and success at bringing together what’s needed for recovery.” 

Market rankings for homeowners (and potential homeowners) are somewhat different that market rankings for investors;  we’re committed to helping homeowners and investors dig through the maze of information to understand markets better, and make the best decisions possible regarding their real estate assets. 

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