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American housing market ‘roars back’

Posted on 04 April 2013

Home prices in the United States surged at their quickest annual pace in seven years in February as the housing market defied signs of cooling growth elsewhere in the economy. A report by CoreLogic showed that property values rose by 10.2 per cent, the fastest since March 2006, when the sub-prime fiasco was in its infancy.
However, the report was overshadowed by separate data suggesting that there had been a pause in recruiting by construction companies and a slowdown in services growth last month amid concern about the impact of government spending cuts………………………………………..Full Article: Source


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