Nationwide revealed on Tuesday that the future of the housing market is looking more promising than ever, with little chance of a downturn over the next year.
The news comes as the insurance and financial services organization has just released its brand new housing market indicator, the Leading Index of Health Housing Markets, which is “a data-driven view of the near-term performance of housing markets based upon current health indicators for the national housing market and 373 metropolitan statistical areas (MSAs).”
“Unlike most other housing indices or surveys, the HoHM Report provides a look into the future instead of the rearview mirror,” said David Berson, Nationwide’s chief economist and senior vice president. “The quarterly report should serve as a resource to gauge how healthy housing markets are today but, perhaps more important, what to expect in the future and why.”
Image via flickr/LancerE