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.
>Contact by Email.Follow @shavenk
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts