16.01.2013 - Why itís a ďfakeĒ U.S. housing market recovery
The U.S. housing market is becoming a main topic again in the mainstream media these days. I keep reading about how rising home prices will now get the U.S. economy going again. The National Association of Realtors (NAR) expects average existing home prices in 2013 to be around $185,800, with an increase to $193,600 by the end of 2014. (Source: National Association of Realtors, January 2013.) But whatís fuelling the soft rebound in the U.S. housing market and home prices is something thatís never happened in our history. Itís not individuals buying houses who are moving prices and demand higher; itís institutions. Yes, big institutional investors are buying housesóand in a big way!..............................................Full Article: Source
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