|The rumors of a housing comeback are becoming reality as housing sales are beginning to climb and prices are beginning to increase reports David Wessel of The Wall Street Journal. (click to enlarge)|
The inventory of unsold homes is shrinking contributing to the market's comeback. Housing construction is also up by 26% since spring of last year which has contributed to the economy’s growth recently.
Experts agree that even as the economy slows a bit, the recovery of the housing market is steadily gaining momentum. The majority of economic forecasters agree that the housing market has bottomed out.