Arab Today, arab today economists us housing perking up
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

Economists: US housing perking up

Arab Today, arab today

Arab Today, arab today Economists: US housing perking up

New York - UPI

The U.S. housing market has turned the corner, a CNNMoney survey of economists indicates. Nine of the 14 economists CNNMoney contacted said they believe prices have already turned higher or will do so yet this year. That\'s an improvement from three months ago when half thought a turnaround wouldn\'t take place until 2013 or later. Three straight months of increases in the S&P/Case-Shiller home price index, a pickup in sales of existing homes and home construction, and a significant uptick in the price of new home sales have buoyed the economists\' optimism, CNNMoney said. Mortgage rates are also expected to remain near record lows for the foreseeable future. \"We\'re seeing the signs of a pulse in a sector that has been flat-lined for a number of years,\" said Sean Snaith, economics professor at the University of Central Florida. The housing market went in the tank in 2008. But since the fourth quarter of 2011, housing has been adding to growth, CNNMoney said. Lynn Reaser, chief economist for Point Loma Nazarene University, said housing is becoming a bright spot in an otherwise sluggish U.S. economy. Still, the economists surveyed don\'t see housing becoming a major driver of the U.S. economy as it has in the past, CNNMoney said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today economists us housing perking up Arab Today, arab today economists us housing perking up

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today economists us housing perking up Arab Today, arab today economists us housing perking up

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday