Dive Brief:
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The housing economy will strengthen during the autumn months, according to trend-spotters Bankrate and Trulia.
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Bankrate.com has predicted an upturn in new home sales, as inventory has increased in most markets where buyers have been waiting to buy houses. Bankrate.com puts housing inventory at 2.3 million units, about 5.5% higher than this time last year.
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Trulia has pointed to regional upticks in housing activity so far this fall. Its recent report on house hunting shows that Maine, Wyoming, and Vermont can expect more home sales, while Hawaii and Florida could lose out.
Dive Insight:
The good news depends, in part, on mortgage rates, which analysts and economists agree are about to increase. Record-low interest rates, designed to boost home purchases, are likely to go up as more people are able to find jobs.