Think Tank Thinks Up

Harvard University’s Joint Center for Housing Studies says the $2.8 trillion rise in household wealth last quarter, state revenues expecting to exceed pre-recession levels of five years ago, and the nation’s service sector continuing to grow all trump the static unemployment rate and Europe’s debt crisis, and indicate an economy trudging to recovery. The Washington Times tells Eric Belsky, managing director of the Housing Studies Center at Harvard, noting conditions are better than ever for homeownership, states, “Surveys consistently find that the overwhelming majority of young adults plan to own a home in the future, but many would-be buyers have stayed on the sidelines waiting for the job outlook to improve and house prices to stop falling.”

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