The U.S. housing market, a critical driver of the economic recovery, is finally showing increasing signs of improvement. In many markets throughout the United States, prices are rising, construction crews are finally starting to build again and distressed sales are falling. While most analysts expect home price appreciation to slow in 2014, the gains made over the past two years seem real and sustainable.
There is reason to believe rates will remain historically low, as the Fed has telegraphed to financial markets that they should anticipate low interest rates for as long as it takes to reduce unemployment.
Posted on January 8, 2014 at 12:14 am by Ameerah Bolden