Housing Market Set to Drive Economy in 2013
By: Big 2 News Staff
Updated: January 28, 2013
A strong housing outlook for 2013 means more than good news for home builders and realtors.
Economists are pinning the rebound of the US economy on it.
The bursting of the housing bubble plunged the country into recession but the recovering real estate market could finally lift us out of the doldrums.
More than half of the economists surveyed by CNN Money said housing would be the primary driver of economic growth.
Tight supply and renewed demand for homes should lead to higher values ... according to economists who predict a 3-point-7 percent increase in home values this year.
