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Barclays: 'Turning Point' for Home Owners in 2013
Falling housing inventories and an increase in demand bode well for the market's recovery next year, according to Barclays 2013 housing outlook report. Real estate wealth is expected to give a long-awaited boost to consumer spending in 2013. "This would mark an important turning point for household balance sheets, where net-wealth effects from falling financial prices and the collapse of the housing market have been significant impediments to the strength of consumer spending and, in turn, the pace of the broader recovery," Barclays reports.
Read article - Realtor Magazine