Economic forecasters predict that 2010 will be the first year since 2005 for housing to contribute to the growth of the U.S. economy, according to a survey released by the National Association for Business Economics.
Home prices are expected to rise 2% next year, but forecasters don't believe the increase in prices will discourage homebuyers.
More than 80% of economists surveyed by the NABE think the recession is over and recovery has begun, but they expect the expansion to be slow because unemployment persists.
Source: Associated Press
Home prices are expected to rise 2% next year, but forecasters don't believe the increase in prices will discourage homebuyers.
More than 80% of economists surveyed by the NABE think the recession is over and recovery has begun, but they expect the expansion to be slow because unemployment persists.
Source: Associated Press
