Tag Archives: Lenders Have High Hopes for Housing Rebound

Home prices will likely increase 7 percent in 2013, due to tight inventory, high affordability levels, and a stronger economy, according to JPMorgan Chase in its April report. Helping to lift prices, bank analysts say, is the decrease of distressed sales and the higher use of short sales. “However, unemployment is still elevated and we see no signs that lending standards will ease significantly in the near term,” analysts with JPMorgan Chase said in the report. Still, analysts are upbeat about the progress in the housing market. For example, the […]