Homebuilder Confidence Still High but Buyer Optimism Wanes
Housing has recovered over the past year on low rates and a sharp decline in inventory. With higher rates and increasing inventory, home price gains are expected to slow.
For the recovery to continue, the economy has to continue to expand and create more jobs, or in the absence of that credit would have to loosen.
-- Written by Shanthi Bharatwaj New York.
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