Are we starting to see the beginnings of a full recovery of the housing market? An interesting article I read online over at CNN Money believes that it may be sooner than we think. Real estate developments have been increasing and this year we can expect to see 750,000 new houses built. As soon as 2015 that number is expected to increase to 1.5 million dollars, double what it is today. So before we know it we could be in another real estate boom. Check out the rest of the article for more.
The long-battered housing market is finally starting to get back on its feet. But some experts believe it could soon become another housing boom. Signs of recovery have been evident in the recent pick ups in home prices, home sales and construction. Foreclosures are also down and the Federal Reserve has acted to push mortgage rates near record lows.
A New Housing Boom – CNNMoney
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