Housing Recovery Reality?

Well, more data has come in for housing, and it continues to show a positive path. Existing home sales jumped 7.8%, which means inventory is moving, and new home starts were up 2.3% to 750,000. Since long term household formations occur at a rate of 1 to 1.5 million on average, we are still below long term historical averages. But we are moving up nicely off the lows. As this area of the economy recovers, it continues to drive good news in the business world. That and new Iphones………

Do you think a housing recovery is real???

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Catherine Zaharis

About Catherine Zaharis

Cathy joined Tippie in 2008 as the Business Director of the Finance Career Academy. Her experience as a Portfolio Manager and Analyst with Principal Global Investors (1982-2005) makes her a valuable asset, both in terms of her expertise of the industry and her many business connections. Cathy obtained her BBA from The University of Iowa and an MBA from Drake University. She has been a Chartered Financial Analyst (CFA) since 1986 and is a past president of the CFA Society of Iowa.