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U.S. real estate recovery just needs a spark

Posted on 04 May 2011

Bill AckmanFrom afar, U.S. real estate is a compelling story. House prices have fallen drastically. Mortgage interest payments are still tax deductible. The country’s housing supply isn’t being replenished because construction has dropped off.

But with all that working in the housing industry’s favour, there is still a lot of pessimism. What could possibly turn the market around?………………………………………Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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