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US housing market continues upward trend

Posted on 03 October 2012

House prices in America have climbed for the sixth month in a row, raising hopes the economy is strengthening. Two separate reports are showing increases in house prices in the US, with one pointing to a 4.6 per cent jump in August compared with the same time last year.
Economists are split over whether the housing recovery is sustainable. They believe a steady improvement in prices might reassure Americans that the recession is behind them and encourage further spending. Mortgage rates remain at record lows in the US but economic growth is still sluggish………………………………………..Full Article: Source


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