A month after the U!
began winding down its housing market recovery, some analysts have raised the possibility that the market could be back to normal within the next year.
While that’s still far off, some are betting that the housing bubble could burst and that the economy will return to full employment within the year.
Some are also predicting that prices will rise again before long.
The question is, will those predictions prove accurate?
Will a housing recovery be as robust as many economists are predicting?
In the meantime, some people who are still renting out their homes and are not yet ready to sell are hoping for the best.
One woman, who spoke on condition of anonymity, said the market is a little more crowded than she anticipated.
“I think it’s really hard to make a good decision when you don’t know where the market might be headed,” she said.
“But I would say I am in a good position.”
While some homeowners are still seeing gains in their portfolios, others are struggling to find new homes and could be stuck with them for the rest of their lives.
“There are some properties that are a little bit more stressed, and it could take a while before that becomes a problem,” said one woman who spoke to CBS News on condition she not be named.
The Federal Reserve has been making some moves to help lower rates, but those are only indirect.
If prices fall further, the Fed could step in and reduce its purchases.
The housing recovery has been slow to accelerate because of the high cost of borrowing.
Many homebuyers, especially young people, are struggling financially and are worried about paying off their student loans.
The average age of homeownership in the U !s metro area is 27.
But there is good news.
About 3 million people have refinanced their mortgages in the last month, according to the Federal Housing Finance Agency.
A recent survey by the National Association of Realtors found that nearly one-third of millennials are looking to refinance, while nearly one in four homeowners said they are looking for a loan modification.
The unemployment rate in the metro area has fallen to 7.9 percent, the lowest rate in more than two years.
The number of people working full-time fell from more than 7.4 million to about 5.3 million last month.
In fact, the U., which has been recovering more quickly than many other developed countries, is ahead of the United States in job creation.
About 20 million Americans are working, compared to about 14 million in the United Kingdom and about 9 million in Germany, according a recent report by the Bureau of Labor Statistics.
But the unemployment rate remains high, and the jobs market in the region is still struggling to recover from the housing downturn.
In the U, the number of jobs gained was just over 4.7 million in January, according the BLS.
In other words, while many Americans are still feeling the effects of the housing bust, they still are struggling.