In fact, job growth likely will be one key to driving housing growth in the new year.
As employment picks up, greater demand for housing is expected to occur and a surge in homebuilding activity. Celia Chen, housing economist at Moody's Analytic, predicts a “homebuilding boom” in 2014.The housing recovery is expected to continue on its path in the new year with home prices continuing to rise (although at a slower pace); sales to rise slightly; and the foreclosure crisis expected to finally draw to an end.
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