FOUR PILLARS OF THE CURRENT HOUSING RECOVERY TRACY ROYCE
ccording to a detailed report published by the Wall Street Journal, the housing market in the US is on
its way to recovery, with a 0.6% rise as compared against last month. Most realtors may not be
impressed by the improvement, but it says a lot about the days to come.
There has been an increase of 9.7% in the number of houses sold this year, taking it to the 4.97 million mark. As
per the records of the National Association of Realtors, this is the highest level observed since 2009 November.
In addition to these stats, there are a lot of positive outcomes highlighted in their report. Let us find out the four
major driving forces responsible for the quick change in the American housing market.