Showing posts with label housing. Show all posts
Showing posts with label housing. Show all posts

U.S. housing recovery dependent on jobs

Job growth will be the key factor in whether the U.S. real estate market can extend a recovery after the end of the federal homebuyer tax credit, according to a Harvard University study.  High unemployment is fueling the foreclosure crisis and discouraging the household formation that drives property demand, according to the State of the Nation's Housing report issued by Harvard's Joint Center for Housing Studies.