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Wall Street Journal: Housing Recovery Picks Up Steam

Thursday, June 2, 2016   /   by Vanessa Saunders

Wall Street Journal: Housing Recovery Picks Up Steam

Wall Street Journal: Housing Recovery Picks Up Steam | Keeping Current Matters


Yesterday, we ran a post quoting major housing experts on the increasing strength of the U.S. housing market. We were pleasantly surprised that, on the same day, the Wall Street Journal decided to run a front page story titled, “Housing Recovery Picks Up Steam” (article available to WSJ subscribers).


Wall Street Journal: Housing Recovery Picks Up Steam | Keeping Current Matters


The first paragraph of the article says it best:



“Home prices are back to near-record highs across the U.S. amid rising demand and supply constraints, a sign that the lopsided housing-market recovery of the past five years is gaining some strength.” (emphasis added).



What about the struggles in the economy?


Some openly question how the real estate market can be gaining ground if the overall economy is still struggling. According to the WSJ, it is:



“Despite the unbalanced recovery, Federal Reserve officials have seen housing as a bright spot for the U.S. economy in recent years. Residential construction has contributed to overall economic output for eight straight quarters, expanding at a 17% annual rate in a first quarter marked by slow growth in other sectors.”



Bottom Line


The housing market is gaining strength and all indicators point to an even stronger real estate market moving forward.

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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