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U.S. housing market bottom may be in sight - FITCH

Posted on 16 July 2009

From Reuters: The long-awaited bottoming of the U.S. housing market may be in sight, but a recovery could take as long as 18 months and will likely be muted, Fitch Ratings said in a report on Wednesday.

“Single family housing starts and new home sales seem to be indicating a trough, albeit at very low levels by historical comparisons,” said Bob Curran, lead author of the report……..Full Article: Source


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