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The housing market 2013 is showing signs of improvement from last year – but there’s reason to believe this recovery isn’t sustainable.
Home prices and sales have been climbing, fueling optimistic outlooks for the rest of the year – but mortgage lending hasn’t risen by a similar amount.
That’s because it’s not families or new home buyers driving the housing market rebound in 2013. There’s another major buyer moving markets. And if that buyer stops purchasing homes, this “recovery” could lose its steam.
We caught up with Money Morning market expert Shah Gilani, who in the following interview explained this development in the 2013 housing market.
This is a syndicated post, which originally appeared at Money Morning. View original post.