Optimism for the Housing Market Despite Slow Sales

February 26, 2015

The Commerce Department reported a sales dip of 0.2 percent to an annual rate of 481,000 units, says Reuters.

But despite analysts saying the housing economy is lagging the American economy overall, there is growing optimism coming from the industry.

The Mortgage Bankers Association reports an increase of loan requests by 4.6 percent, which is a positive indicator for home sales. In addition, home prices are showing signs of accelerating after slowing in 2014.

Read more

Comments

expand_less