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There’s a home price recovery… but it’s really, really slow

Posted on 06 December 2012

Just about everybody agrees that the housing market is finally recovering — but don’t expect big price gains. Nearly two-thirds of the nation’s housing markets will see price declines for the year through next June, according to analytics firm Fiserv. Overall, the gains will be just 0.3%.
One big factor that could weigh on prices: The fiscal cliff. If Congress can’t agree on a deal to halt a series of tax increases and spending cuts, a recession is likely, and that would hit the housing recovery hard………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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