Home sales and housing starts are anticipated to gain steam in 2013 and 2014, likely reflecting gains seen this year, Capital Economics reported in its fourth quarter housing market report.
The report shows that traditional mortgage-dependent buyers, many of which are institutions versus individuals, will begin to play a more crucial role in the housing recovery.
In 2013, Capital Economics believes the shortage of inventory will lessen as properties in the shadow inventory begin to join the market as short sales instead of foreclosures.
Read more...Capital Economics predicts housing improvement through 2014 | HousingWire
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