Housing is Recovering - Will It Last?

Business Week looks at the recovering housing market, and believes that even though it was driven by massive government support there are signs that it might actually continue.

1 minute read

October 31, 2009, 1:00 PM PDT

By Tim Halbur

A video interview with Business Week editors is included with the article.

"Policy alone cannot explain the 24% gain in existing home sales since January, nor the 22% increase in new-home purchases, the 40% rise in single-family housing starts, and the recent upturn in home prices. The primary driver is historically high affordability. Fixed 30-year mortgage rates are at 5%, a multi-decade low, and prices have plunged a total of 30% since May 2006, based on the Standard & Poor's Case-Shiller Home Price Index."

FULL STORY: Business Outlook: A Housing Recovery with a Solid Foundation

Friday, October 30, 2009 in Business Week

Housing United States Housing Market

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