Real Estate Watchers Can Get Excited for Second Half of 2014
NEW YORK (TheStreet) -- If you pull the lens back on housing, things actually look fairly positive.
Home prices are up 20% from the fourth quarter of 2011 and price appreciation is expected to maintain a steady pace of 5.3%, according to the most recent CoreLogic Case-Shiller Index.
So why are housing industry experts so skittish on the real estate market?
Thin inventories, homeowners who are afraid to sell because they feel they won't find a decent place to live and an overall sluggish economy are all areas of concern.latest FNMA housing report shows an immediate slide in home-buying activity, although things should level out after that. "We have downgraded our May forecast slightly from April following a very weak first quarter, but we anticipate economic growth to gain momentum in the second quarter and remain firm throughout the rest of this year," Fannie Mae chief economist Doug Duncan says.
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