(Source: Market Watch)
The U.S. housing market is coming off of its worst downturn in more than 60 years, boosted by a combination of market forces and government assistance, economists say.
Major housing indicators should rise again in September, according to a survey of top economic forecasters ahead of a relatively light week for economic data. Data on housing will dominate the headlines this coming week.
“We expect to see some positive news” on the housing market, wrote economists Brian Bethune and Nigel Gault of IHS Global Insight.
Read Rex Nutting’s full article “Positive News Expected in Housing Reports” in Market Watch (October 18, 2009).