Deutsche Bank is referring to 2013 as “The Year of the House”. Why is that? Well, CNN delves into answering this question.
In summary, the overall US Real Estate market is in a recovery mode, with home prices higher, historically low interest rates, open houses with record breaking number of visitors, and housing affordability being reset as incomes are up and prices are more reasonable than they have been pre-crisis.
Take a look at the below video to see what a Housing Recovery looks like: