| Promising statistics signal a housing market on the rebound, but economic headwinds are keeping markets from improving quickly, according to Harvard University’s annual State of the Nation’s Housing report, released on Thursday.
“With new home inventories at record lows, unless the broader economy goes into a tailspin, stronger sales should further stabilize prices and pave the way for a pickup in single-family housing construction over the course of 2012,” said Eric S. Belsky, managing director of Harvard’s Joint Center for Housing Studies..............................................Full Article: Source |