Analysts are worried that the housing market may slow in the months ahead, but for now it continues to gain strength despite the drag of rising mortgage rates. The New York Times notes that “Higher home prices help the economy not just by strengthening the construction and real estate industries, but by making homeowners feel wealthier and more likely to spend,” thereby a key driver of the economic recovery.
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http://www.nytimes.com/2013/09/25/business/economy/home-prices-still-rising-but-at-slowerpace.html?pagewanted=all&_r=0
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