Home prices have soared across the 20 major cities in the United States. In May 2013, home sales jumped 12.2% from May 2012, the largest annual gain since March 2006. Many economists say the housing market is showing great signs of growth, but that does not always indicate that the economy is growing at the same ... MORE
Theresa Springer’s Blog
The latest December MarketPulse report shows, over the last year rental income on residential properties increased to 12%. CoreLogic researchers are acknowledging the massive improvement in real estate over the recent months saying “The real estate cycle is now producing residential investment that is contributing to economic growth.” Experts are expecting the rise in rental ... MORE
According to Fannie Mae’s Economic and Strategic Research Group, an uncertain job market and weakened consumer spending have slowed economic growth after a strong first quarter. But, despite the slowdown, the housing market continues to show improvement. Doug Duncan, Fannie Mae’s chief economist, said housing continues to be a bright spot as news from the ... MORE
In an economic forecast posted to Freddie Mac’s Executive Perspectives Blog, Frank Nothaft, Freddie Mac’s chief economist, says 2012 should see improvement in both the general economy and the housing market. Nothaft expects new construction and home sales to increase beyond last year’s levels. Specifically, he forecasts a 3 to 5 percent increase in existing-home ... MORE
Among the various factors cited as key to housing’s health in the new year, employment remains the most obvious and vital component to a market recovery in 2011. Improvements in job growth and security will provide a healing housing market with more financially confident consumers eager to capitalize on high affordability conditions. Nick Timiraos of ... MORE
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