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US housing prices forecast to rise in 2012, but don’t call it a recovery

Posted on 22 June 2012

U.S. housing prices won’t just hit the bottom this year — they’ll rise by 2 percent, according to a report by Capital Economics released this week. But that doesn’t mean the market is in great shape.
The optimistic report, written by Capital’s property economist Paul Diggile, expects cash buyers and small and large investors to increase transactional activity, bringing up prices. In other words, the recovery would be fueled by people who wouldn’t need a mortgage, which has been difficult to secure for those without great credit………………………………………..Full Article: Source


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