Housing Market Optimism via the Washington Post
Housing’s renaissance could lead an economic recovery
by Mark Zandi for the Washington Post
Jan 4, 2013
Synopsis: Housing market optimism is being driven by the affordability of inventory, low mortgage rates against rising rents even when considering the cost of maintaining a home. Prices are expected to rise at a rate at least equivalent to inflation. Lenders are regaining confidence in borrowers and easing up on some requirements though still requiring larger down payments. Investors are driving demand for foreclosure and short sale homes, reducing the inventory and making room for future new construction. As the housing market rebounds we can expect it to become a source of jobs for sectors ranging from construction, distribution, financial services, retail and other service jobs. Critical to recovery is the fate of the deficit reduction plan. The author recommends that the housing industry may lead the tax reform efforts by scaling back the mortgage-insterest deduction.
Asking prices and rents show gains in December nationally and locally
by Kathy Orton for the Washington Post
Jan 3, 2013
Synopsis: Asking prices and rents are on the rise nationally and locally according to Trulia.
» Download Housing Market Optimism via the Washington Post as PDF
This entry was posted on Thursday, January 10th, 2013 at 12:46 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.