Housing Recovery Should Accelerate into 2013, if Washington Behaves

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Posted To: MND NewsWire

Three economists told attendees at the International Builders Show that the housing market should continue to improve on an accelerating basis in 2013 . But each cautioned that there are many factors, especially on the federal government level, that could still derail the recovery . The builders, meeting in Las Vegas on Tuesday, heard from David Crowe, Chief Economist, National Association of Home Builders (NAHB), David Berson, senior vice president and chief economist at Nationwide Insurance and Frank Nothaft, chief economist at Freddie Mac. Crowe said that nearly every indicator of housing market strength, permits , prices , sales , housing starts , and builder confidence , has been trending upwards in recent months. He noted that home prices, which are up nearly 6 percent on an annualized...(read more)

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Source: http://www.mortgagenewsdaily.com/01232013_housing_recovery.asp

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