A new article from CBS MoneyWatch highlights some of the current positive signs of the housing rebound, and how many economists expect the strong rebound to continue throughout 2015.
Most economists agree that the U.S. housing market is continuing to rebound after the economy suffered its worse decline since the Great Depression. But they vary widely in their expectations for how strong that rebound will be.
Andres Carvacho-Burgos, an economist at MoodysEconomy.com, is one of the more optimistic observers.
He expects existing-home sales to jump 20 percent this year, more than double the forecast of economists at the National Association of Realtors and Barclay’s Bank, which both see existing-home sales gaining in the single digits.
Behind his bullishness are his expectations for strong household disposable income growth, bolstered by a jump in household formation. Moreover, Carvacho-Burgos is among the many economists who don’t see the Federal Reserve raising interest rates from their historically low levels until 2016.
