Saturday, February 1, 2014

Recovery Expected to Enter ‘Middle Innings’

Recovery Expected to Enter ‘Middle Innings’
In 2014: While the housing market is still far from “normal,” it is inching that way, according to a report released. Last year’s skyrocketing home price appreciation, frenzied demand from investors, and high tide of negative equity are all expected to subside somewhat this year, according to the real estate company. Nationally, home prices increased 6.4 percent year-over-year in the fourth quarter. While home prices rose 1.4 percent in the fourth quarter to $169,000, rents rose 0.7 percent to $1,302. Utah made the Boon for Housing list with 4.1 percent unemployment rates. See other States with the Lowest Unemployment rates that made this list.

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