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US: Housing market may be nearing bottom

Posted on 21 November 2011

The housing market is starting to show a pulse. For the first time in a long time, housing figures are coming in better than expected. The National Association of Home Builders’ sentiment index jumped three points this month to 20, its highest reading in over a year. Last week, the Commerce Department said building permits and construction of single-family homes rose in October.
The Federal Reserve’s fourth-quarter loan survey showed a pickup in demand for mortgage loans………………………………………..Full Article: Source


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