Additionally, due to tax reasons, many luxury renters are being pushed back into buying or owning real estate once again.
According to S&P Dow Jones Indices, housing reports from the past few weeks show consistent recovery, as 2013 is the best shape it's been in since the financial crisis.
"The National Association of Home Builders sentiment survey is a positive at 58 in December, up from 54 a month earlier. Housing starts are again being reported following a delay caused by the government shutdown last October," they noted.
