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Monday, January 28, 2013

Economists say this could finally be the year that housing lifts us out of the housing slump

by Yvette Betancourt



Can this be the year that housing market and economy will have a full big sign that the recovery is in full swing?  According to half of economists surveyed by CNNMoney says "Yes."  Not just in housing but also in consumer spending, increased domestic energy production and stimulus from the Feds.

Homebuilding will be stronger than before.  Home sales rebounded to the strongest level in five years in 2012.  What is the cause?  We have the record low mortgage rates, rising home prices and drop in foreclosures to thank for being buyers back to the market.  

There will be a lot of pent-up demand for housing.  This will cause a home builders to start building which means a growth in job for not just construction jobs but manufacturing jobs.  

Would you agree or disagree?

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