Housing Recovery to Continue in 2013

By
Real Estate Agent with Keller Williams Realty | Northern Virginia | 703.635.0388 0225 189802

Housing Recovery to Continue in 2013   

The U.S. economy will stay on a moderate growth path in 2013 amid weak consumer spending and business investment, according to a new survey published by the National Association for Business Economics.


The survey forecast that the U.S. housing market recovery will continue next year, with strong gains in residential construction and home prices.  They also forecast gross domestic product would grow at an average annual rate of 2.1 percent in 2013. It predicted a 2.2 percent rate in 2012. The estimates are little changed from October's survey.

The labor market is seen improving, with nonfarm payrolls averaging 165,000 jobs per month next year. That is an improvement on the 155,000 jobs per month estimated in October.

So far in 2012, job gains have averaged 151,000 per month. The survey forecast the unemployment rate averaging 7.7 percent in 2013, down from the 7.9 percent predicted in October. 


Brought to you by:


Harold (Hal)
Senior Loan Officer
Office: 7032798810
Cell: 703-507-1572
hjohnson@embracehomeloans.com

Embrace Home Loans
10306 Eaton Place
Fairfax, VA 22030
NMLS 233808

www.embracehomeloans.com 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Tags:
housing recovery to continue in 2013

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
278,088

Lisa Moroniak

SFR - Short Sale & Foreclosure Certified
Ask me a question
*
*
*
*
Spam prevention

Additional Information