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U.S: Housing comeback in 2013?

Posted on 19 December 2012

Recent data relating to new home sales, housing permits, declining inventory levels, and rising housing prices are sufficient indicators of an improving U.S. housing market. The sector suffered since 2006 when house prices had fallen by more than 30% across the nation. The decline had been twice as much in some of the metros. Declining house property ate away home equity, wiping out trillions of dollars held by individual households.
Delinquency and foreclosure rates on home mortgages were at an all time high, at levels unseen since the Great Depression. Recessionary conditions along with rising foreclosures in recent years caused the national homeownership rate to decline from its 2004 peak of 69% to under 66% in 2011………………………………………..Full Article: Source


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