Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> BANK OF AMERICA Latest News

MAR 08, 2013 - Business Insider

A Must Read - Share

Why A Bunch Of Economists Expect The US Housing Market To Go On A Huge Tear (ITB, XHB)

Bank of America has again revised up its home price forecast to 8 percent for 2013, up from 4.7 percent. This is after a 7.3 percent rise in 2012. In a new report titled "Someone say House Party?", BAML's Chris Flanagan, Michelle Meyer, and Justin Borst write that "a positive feedback loop has begun". Basically, when people think home prices are rising, they think they will keep doing so and  credit conditions will improve, and this in increases demand for homes. And there's proof of this. Fannie Mae's latest survey shows that 48 percent of respondents believe that home prices will rise ... Read More

Tags: Why A Bunch Of Economists Expect The US Housing Market To Go On A Huge Tear (ITB, XHB),  Bank Of America Latest News