Why Is The Housing Market Recovering In US?

The article provides some bullish comments on the housing market.  Sales and prices are being driven by historically low mortgage interest rates and strong demand for rentals.  The fed has been driven the 15 year mortgage rates below 3% , which is good for real estate investors, and there is a large number of households that cannot get a mortgage because of a previous foreclosure, or a loss of income.  They are forced to rent.