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 October – Wall Street Journal