With unemployment already decreasing and housing prices remaining steady and rising, the U.S. may have avoided a housing crisis.
Indeed showed an uptick in job postings in May, indicating that we are moving in the right direction.
Although supply is still low, buyer demand is high, and homebuilder confidence is rising.
“As such, there’s a good chance that the U.S. housing market may have averted a crisis, though it remains to be seen if the recent momentum translates into future gains.”