Tag Archives: Housing Offers Hope for the Economy

As home prices continue to rise in most markets and sales activity looks to maintain its momentum, the supply of houses for sale — both new and resale — is as low as it has been in decades. “We had 48 months of depression in the housing industry,” notes Karl E. Case, co-developer of the Standard & Poor’s/Case-Shiller home price index. “There is no question that we have turned what seemed to be a headwind into a tail wind.” If his assessment proves true, the economic benefits will be significant […]