Housing’s pathway to complete recovery is highly dependent on young adult employment, the measure that made the most improvement in 2014. Although the market isn’t back to normal, improvements in housing are still an encouraging sign.
The Housing Barometer measures five indicators: existing home sales, home-price levels relative to fundamentals, delinquency plus foreclosure rate, new construction starts, and the employment rate for young adults between the ages of 25 and 34.
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