David Cooper http://www.lasvegaswinner.org US Housing Market Analyst report, Capital Economics foresees “further strong gains in home sales and housing starts in 2013,” as well as improvements in prices and mortgage activity.
While the United States faces a number of major hurdles—including the growing threat of the fiscal cliff and fallout from the ongoing euro-zone crisis—analysts for the company expect approximately 2 percent overall economic growth in 2013, lower than the 2.2 percent projected for 2012. While that rate of improvement may not impress, they note that “the building blocks for faster growth further ahead are falling into place,” predicting 2.5 percent annual growth in 2014-2016.
Against that backdrop, Capital Economics expects the housing recovery to march on.
Total home sales for 2012 are forecast at 5.0 million, followed by 5.3 million in 2013 and 5.4 million in 2014. While sales will continue to increase each year, growth is expected to slow to about 0.1 million more home sales each year.http://tiny.cc/e4w3ow
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