Housing market to help, not hinder overall economic growth
November, 2012
The housing market in the United States has shown signs of improvement over the past few months, and many analysts are hoping the housing sector will drive the U.S. economy moving forward.
According to Reuters, construction and related activity will help instead of hinder U.S. economic growth this year for the first time since 2005.
The market has experienced higher sales, prices and building, which have been welcome additions to the economy, encouraging more first-time home buyers to take advantage of the lower rates before prices go up.
According to Harvard University's Joint Center for Housing Studies, Americans are likely to spend more on home renovations, which are expected to total $134.2 billion in the 12 months leading up to June 2013. The projected home renovation figures are up from the $115.3 billion that was reported at the end of September this year.
Bloomberg recently reported that investors have become more comfortable with real estate after enduring a six-year housing downturn, which resulted in prices declining by 35 percent nationwide.
* Here are your most common questions:
Tidak ada komentar:
Posting Komentar