Seven Reasons for A Recovery in the U.S. Housing Market

Seven Reasons for A Recovery in the U.S. Housing Market.
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1. Housing affordability is at a multi-decade high.
2. Reflecting normal U.S. demographic trends (household formations of 1 million-plus per year) and a low level of 2008-2012 new-home production, there is plenty of pent-up demand ready to be unleashed
3. As rental prices have risen and as home prices have fallen, the economics of home ownership has improved
4. We have seen a decisive improvement in the jobs market
5. Mortgage rates are at historic lows.
6. Housing surveys have turned positive
7. Confidence is improving

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