Wednesday, February 22, 2012

More positive indicators on a housing recovery

  • From The Niche Report:  Home Depot's Impressive Q4 Earnings, Does this Mark the Bottom for Housing? Link
  • The Niche Report:  Moody's Analytics:  US home sales show steady progress  Link
  • Rismedia reports that housing is expected to add to GDP for the first time in seven years!  Link
  • Housingwire reports existing home sales jump 4.3% in January, inventory drops!  Link
  • From The National Association of Home Builders this week: 
Nationwide housing affordability, as measured by the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), rose to a record level during the fourth quarter of 2011, while prospective home buyers continued to feel the constraints of tighter credit standards and a soft economy.  HOI data released today indicated that 75.9 percent of all new and existing homes sold in the fourth quarter were affordable to families earning the national median income of $64,200, the highest percentage recorded in the 20-year history of the index.

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