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Biggest Banks Forecast Doubling of U.S. Housing Gains in 2013

March 16, 2013 By ThreeArchInvestors

home prices increase in 2013The 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.

Filed Under: Real Estate News

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