Real Estate

June 19, 2013
CoreLogic: Housing recovery is durable, but not bulletproof

The trend of rising home prices continues and is expected to carry on, but don't expect double-digit gains as a norm...

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A limited supply of new and existing homes for sale have caused a jump in homebuilders' average selling prices, but housing supply constraints and rising interest rates, coupled with weak macroeconomics may spell trouble ahead.

The Standard & Poor’s baseline economic forecast expects an increase in total housing starts of about 28% this year, to 1 million units. In 2014, another 29% increase is anticipated, with starts reaching 1.3 million units.

ReWired

"People from all corners of the globe are looking at U.S. homes," said Trulia Chief Economist Jed Kolko, who added, "More searches are coming from rapidly-growing developing countries, especially in Asia and Africa."

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