Housing Is on the Way Up
Analysts Say Housing Is on the Way Up
Analysts at both Standard & Poor’s and Barclays Capital agree that the uptick in home resales last month is a favorable sign of things to come. Because pending home sales — an indicator of future activity — were up in February, S&P believes transaction volume will rise for April. Barclays, meanwhile, says March’s 3.7 percent gain in existing-home sales merely reinforces its position that the housing market actually hit bottom in late 2010.
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\nBy: on April 26th, 2011 Category: Uncategorized