Posted January 01, 2013
In a recent blog on WSJ.com, Nick Timiraos sees favorable trends that should boost the national housing market in 2013. These indicators include:
- The shadow inventory of foreclosed property sales is shrinking.
- Rising prices in homes and rents may create urgency and boost demand.
- Housing inventory should hit bottom, leading to an increase in new construction.
Like last year, we are still faced with challenging conditions on the lending front. New lending regulations, coupled with stricter loan requirements, will limit the number of buyers that are able to take advantage of historically low interest rates.
The housing rebound in ...