Photo: S&P Capital IQ
Homebuyers and investors have for a while been asking the question ‘has the U.S. housing market bottomed yet?’. But S&P Capital IQ’s Robert Keiser says the U.S. housing market appears to be stabilizing and is improving, but has yet to recover.A new presentation by S&P Capital IQ titled “U.S. Housing: Are We Recovering?” gives us an in-depth look at 1) the mortgage and housing affordability outlook 2) current price trends 3) an overview or U.S. homebuilder companies.
In a Q&A following the presentation Keiser, VP of global markets intelligence said the rate of job creation is key to the housing recovery, but that the rate of job creation was also the Achilles heel for the U.S. economy.
Note: Thanks to S&P Capital IQ for giving us permission to feature this presentation