As the U.S. Housing Market Improves, Homeowners Can Trade Up More Easily

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January 26, 2015

Inventory of available homes remains inconsistent, but Reuters reports that there are some positive signs for both buyers and sellers as the economy improves.
 
This includes a new high for new single-family housing starts since 2008, and a decrease of homeowners renting out their homes to delay selling them. There is also a decline of homeowners with low or negative equity, dropping to 11 percent in November 2014 from 19 percent spring of that year. Redfin Chief Economist Nela Richardson expects that number to hit 8 percent by March 2015.
 
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