Lingering constraints on demand and the overhang of foreclosures mean that the healing of the housing market will be a long and gradual process, but it does at least appear to be underway. Home sales and homebuilding will continue to edge higher, while later this year house prices will finally stop falling.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services