Morning Minute: Housing as lynchpin to economic growth

The housing market is improving and is a bright spot in the economy, particularly now as the federal government debates how to avoid a “fiscal cliff” of looming tax increases and spending cuts, said Liz Ann Sonders, chief investment strategist at Charles Schwab. CNBC has the details in the article, “Could Housing Be the Antidote to the ‘Fiscal Cliff’?

“Just about every metric in housing is starting to turn here,” Sonders said at a recent conference. “We’re finally having a surge in household formation. We have the right kind of supply and demand balance.”

In other news:

Home Listings Hit New Low in OctoberWall Street Journal

How The Alternative Minimum Tax Could Slam YouNPR

This entry was posted in Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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