The real estate market receives some goods news as high buying season approaches. Opportunities may soon be rising for investors as the U.S. housing market shows signs of recovery. Here is what portfolio manager of the Fidelity Trend fund, Dan Kelley, told The Wall Street Journal’s MarketWatch in a recent article:
“The housing market is showing some evidence of stabilization and even improvement in the U.S. And with a reduction in inventory and an appreciation of rental rates across many markets, investors are taking another look and recognizing the value proposition the sector can provide.”
Positive trends in consumer confidence and business investing have also been supported by Fannie Mae. According to the February National Housing Survey, Fannie Mae recently reported to the Washington Business Journal an increase in consumer confidence of 19 percent since November 2011. Fannie Mae is hence predicting economic growth to improve to 2.5 percent before the end of 2012.