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A Spring Thaw In The Housing Market?

AOL News has a story looking at the US Housing Market and examining whether there are signs of a thawing:

Anecdotal evidence from homebuilders, mortgage lenders and brokers suggests that demand in the residential housing market is picking up, potentially paving the way for a broader acceleration in an economy that has been in a slow-growth mode since pulling out of the financial crisis. Housing is an important part of the economic fabric, contributing about 18 percent to Gross

The positive reports from across the country are supported by data from the Mortgage Bankers Association showing that the volume of home-purchase mortgage applications has climbed more than 13 percent in the past five weeks, near its highest point in two months. Other positive economic indicators this week — including better-than-expected auto sales and solid private sector hiring in March — also could underpin strengthening consumer sentiment that is critical to gains in the housing market.

The full article is worth a read, but there are certainly hopeful signs of a continued recovery in the housing market.

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