“The last few months have brought a spate of favorable news on the U.S. housing market with construction up, more home sales, and home-value growth turning positive,” Nothaft says. “This has been a big change from a year ago, when some analysts worried that the looming ‘shadow inventory’ would keep the housing sector mired in economic depression. Instead, the housing market is healing, is contributing positively to GDP and is returning to its traditional role of supporting the economic recovery.”
Housing Price increase 2-3 Percent, Rates begin rising a bit, Vacancy Rates Trending Lower Here’s how Nothaft sees the coming year: Read more .....
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