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U.S. housing gains momentum but recovery fragile

Posted on 30 November 2012

The signs of life in the U.S. housing market may be encouraging, but not all money managers are convinced that rising home sales and values can provide serious momentum to the U.S. economy in 2013.
The still unresolved issue of some 10 million underwater mortgages - where the amount owed is larger than the current value of the house - remains a key impediment, said speakers at the Reuters Global Investment Outlook 2013 Summit in New York………………………………………..Full Article: Source


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