Morning Minute: Economists expect housing to drive economic growth in 2013

The recovering housing market will be the leading economic driver this year, according to the majority of economists recently surveyed by CNN Money. Rebounding home sales, caused in part by low mortgage rates, improving home prices and fewer foreclosures, are spurring buyer interest in existing and new construction homes, economist said. Read more in the CNN Money article, “Housing to drive economic growth (finally!).”

In other news:

RVOICE, REALTORS® successfully work to pass residential quality support ordinance in Rockford. REALTORS® and landlords were heavily involved in the drafting, negotiating, and the final passage of an ordinance that sets up a Housing Board that will be made up of a REALTOR®, a landlord, a neighborhood association representative, a tenant, and a citizen at-large to mediate and abate nuisance properties. Read more.

 

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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.