5 reasons housing recovery is real this time.
Home sales are on the rise and the consensus grows that the housing market may finally be on the path to a sustainable recovery. For the past few years, the collapse of the housing market has been a ball and chain dragging Americans down. But the housing sector may finally be breaking free. New and existing home sales are on the rise and prices are moving higher as well.
And here are five reasons the housing sector rebound may finally be the real deal:
No one wants to miss the sale.
Even though credit is still tight, the banks are starting to come around.
Fear of missing low mortgage rates.
Foreign investors are leaving empty handed.
The worst of the foreclosure mess is behind us.
But nothing is written in stone. The job market remains weak and many consumers are still tight on money. But for now the housing industry is looking a lot more hospitable.
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