According to the census bureau, housing starts and permits have risen substantially in the past year. Sales of previously occupied homes also rose nicely with a 7.8 percent increase according to the National Association of Realtors.
So is this a big comeback that we should all be excited about or is it just a small flare in an otherwise troubled economic time? The answer is, nobody knows, but the best investors and economists are predicting a continuance of good news from the housing market. This is some good news in a time of a struggling economy and extreme uncertainty. The historically low interest rates on mortgages have helped propel some of these positive numbers so keep looking out and following our Facebook page for the latest news in the housing market as it continues to progress!