The Fiscal Times advises that the “the housing market is about to perk up.” One of the reasons for the optimistic outlook, we’re told, is the recent rebound in sales. This upbeat forecast is due for a stress test this week with the monthly releases on sales of existing homes (scheduled for later today at 10am eastern) and tomorrow’s report on new home sales. The stakes are higher than usual in the wake of recent economic reports that point to a sharp slowdown in US growth in the first quarter.
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