A Reuters poll of top economists reveal that most argue that the U.S. housing market is strong enough to stand up against an interest rate hike by the Federal Reserve this year.
Twenty of the 22 economists surveyed pointed to job creation and growing demand for houses from Millennials as a source of resilience for the housing industry.
"Rates are very reasonable now, and the signal the Fed will give when they begin raising their key lending rate will push more people into the market," Rajeev Dhawan, director of the economic forecasting center at Georgia State University, told Business Insider.
PB Topical Ref
