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How is the US housing market tracking?

Posted on 15 August 2011

Housing market conditions in the US make the Australian market look like boomtown. Home prices are still falling, transaction volumes remain well below normal and almost a quarter of all homes are showing negative equity. With the number of distressed homes growing, banks and the Government are looking for creative ways to minimise the fallout.

With the recent US debt debacle and subsequent downgrading of the US economy from AAA status to AA+ it’s timely to re-visit the housing market fundamentals in the USA……………………………………….Full Article: Source

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This post was written by:

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


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