Uptick in the housing market? Maybe

Some analyses are suggesting the housing market might finally be turning around, according to AdvisorOne.

JPMorgan Asset management analysts David Kelly and David Lebovitz have composed a report titled “Housing: A Time to Buy” that argues that trends in supply, demand and inventories all point to rising home prices, using an aggregate of data ranging from housing starts; home equity values; and ratio of median home prices to personal income.

The upbeat conclusion of the report says, “Home prices, housing demand and home building are very low, but they all seem set to increase. Housing inventories remain too high, but they are on a downward trend. And while the attitudes of both home buyers and home lenders remain very cautious, they should become less so in the years ahead.”

Read the article here.