But Threats Remain: The housing market is showing plenty of strength, from sales and price increases to a decrease in foreclosures.
“There are almost no housing market indicators showing weakness,” says Mark J. Perry, a professor of economics at the University of Michigan-Flint.
Among the recent bright spots:- Existing-home sales jumped more than 9 percent in 2012, the highest level in five years.
- New-home construction reached a 54-month high in December 2012.
- The delinquency and foreclosure rate is at its lowest level in four years. Read more ...
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