Mortgage rates are at a record low, there has been a fall in mortgage payment delinquencies, and a decrease in foreclosure filings. This year, the economy is expected to receive an $80 Billion boost in consumption due to the rise of house prices. The growth in home prices is increasing household wealth and boosting the purchasing power of consumers. Many are predicting that the housing recovery will kick into even higher gear as the year progresses.
http://www.bloomberg.com/news/2013-02-04/housing-packs-punch-for-u-s-growth-in-2013-and-beyond.html
