Housing Improvement Will Be Gradual
The U.S. housing market could rebound this year even as foreclosures continue to dog the industry.
Fannie Mae expects home prices to start to rise in the third quarter, the Chicago Fed projects real residential investment to jump 9.6 percent, and the Mortgage Bankers Association and the National Association of REARLTORS® anticipate higher home sales and construction in every quarter.
Even so, analysts agree that any housing comeback will not be strong enough to have much of an impact on U.S. economic expansion this year.
Source:"Housing's Anemic End to Five-Year Slump Means Little Boost to U.S. Economy,"Bloomberg,(Jan. 12, 2011)
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