Signs of housing market improvement

According to Fannie Mae and an article in the Daily Real Estate News -

"economic activity slowed in the first half of 2012, but housing is one bright spot, according to Fannie Mae’s August 2012 Economic Outlook.

Home sales are projected to be 9 percent above year ago levels, and home prices are expected to continue to rise, according to Fannie Mae economists. A shrinking inventory of for-sale homes on the market has also led to a gradual pickup in home building in many housing markets across the market.
What’s more, residential investment is projected to contribute about 0.2 percentage points to the real gross domestic product this year -- which could mark its first annual contribution since 2005, Fannie researchers note. "

Source: Fannie Mae and “Housing Recovery Brightens Fannie Mae Economic Outlook,” 

Other links you may want to follow:

bpr.com  pearldistrictrealtor.com  cityproperties.re