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US housing market is healing

Posted on 19 December 2012

Now is the time to invest in US property, with the market showing signs of making a full recovery. Frank Nothaft, Freddie Mac vice-president and chief economist, explained real estate has defied the expectations of analysts and is fighting back in several key areas.
“The last few months have brought a spate of favourable news on the US housing market with construction up, more home sales, and home-value growth turning positive,” he said. “This has been a big change from a year ago, when some analysts worried that the looming ’shadow inventory’ would keep the housing sector mired in an economic depression………………………………………..Full Article: Source


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