«The HPSI reached a new survey high in July, but enthusiasm should be tempered because the increase only returns the index to a very gradual upward trend,» says Doug Duncan, senior vice president and chief economist at Fannie Mae. (nvbr.com)
They are not predicting a huge spike like the one we saw over the last few weeks (see chart above), but rather a gradual upward trend. (homebuyinginstitute.com)
Both lines show a gradual upward trend, although their cyclical movements differ. (rba.gov.au)