US housing market coming back to life

By Christian Galeno

Published December 18, 2019 1:36 AM

YUMA, Ariz. (KSWT/KYMA/KECY) - The US housing market is coming back to life in time to boost the 2020 economy.

Low mortgage rates, strong labor force, and rising wages factor into the resuscitation of the market.

mortgages fell into three-year lows.

Depsite the good news, home builders are struggling to find construction workers there are also not enough affordable homes for buyers who want them

Economists say that should even out over time.

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Christian Galeno

Christian Galeno joined the News 11/CBS 13 team in July of 2019 as a Weekend Anchor and multimedia journalist. He now anchors 13 on Your Side at 6, and 10.

Reach to Christian at christian.galeno@kecytv.com.

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