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US housing market to hit bottom soon: Savills CEO

Posted on 23 March 2012

The housing market in the United States is set to hit a low if monetary policy in the country is tightened, according to the CEO of Savills, John Lyons. Lyons said that three factors could drive interest rates up: increased employment, higher energy costs, and the government’s effort to lift real estate.
“I think that the opportunity for interest rates to rise is more of a probability than a possibility,” Lyons explained………………………………………..Full Article: Source


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