Professionally Speaking

Spring home-buying season is here

Economic conditions have greatly improved in markets within most communities across the United States. With better job and income growth in less challenged markets, home buying is on the rise. Lower mortgage rates and a mild easing of bank credit have helped; yet, we’re still in recovery mode. Since the 1960s, every robust recovery from a recession – this one also caused by housing – has been accompanied by an increase in residential fixed investment spending. The largest component of this investment spending has been new home construction. “Yes, we have supply. We have 18 million vacant homes in the United States on any given night. However, ‘demand’ is the key word. And we don’t have it,” says Raymond James director of real estate research Paul Puryear, in this edition of Professionally Speaking hosted by Larry Pugliese.

For personalized advice on investments you might consider as the housing industry recovers, please contact a Raymond James financial advisor.

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