The housing market is a crucial component of the economy and many argue that a strong economic recovery is not very likely without a robust improvement in the housing sector.
Sunday, March 28, 2010
Housing Upturn Proves Elusive
Tightly linked to the previous post with regards to the high unemployment rates, the housing market is recovering, albeit rather slowly. 2 factors that affect the housing markets are the job market and foreclosure supply. There is concern with regard to how many of the foreclosed houses will be pushed into the market thus further depressing the prices.
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1 comment:
I agree with the fact that the housing market will play a huge factor in getting us out of our economic downturn. I feel as if in the past when the housing market fell apart, we went into a recession and when the housing market began to do better it played a big role in getting us out of our slump.
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