While my personal business has picked up dramatically over the past few years, it is undeniable that the housing market as a whole across the nation has been down. It seems that is coming to an end.
In a recent CNNMoney survey of economists found that they believe the nation's housing market is finally on it's way back up.
A variety of metrics, led by three straight months of increases in S&P/Case-Schiller home price index, has these economists optimistic in our housing market's future.
Now is the time to jump in as the Federal Reserve is continuing to spend $40 billion to keep interest rates low.
"We're seeing the signs of a pulse in a sector that has been flat-lined for a number of years," said Sean Snaith, economics professor at the University of Central Florida.
Since the fourth quarter of 2011 housing has been adding to the growth of our gross domestic product. Real Estate has historically been a trend setter for our economy and a turnaround signals hope of a turnaround of the rest of the economy as well.
Comments(2)