The two biggest U.S. banks, JPMorgan Chase and Bank of America, are forecasting a doubling of U.S. housing gains in 2013. They predict an accelerating housing rebound as home buyers and investors rush to acquire a dwindling supply of residential properties.
At the same time, the Federal Reserve is pushing down borrowing costs by buying mortgage bonds, thus strengthening the economy and sustaining a rally in homebuilder shares. Read the article online at Bloomberg.com.
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