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U.S: Housing market healing, but recovery takes time

Posted on 10 April 2013

For years, thick clouds hovered over the nation’s housing market, casting a pall of gloom over homeowners and sellers. But recently, the sun has broken through with mortgage rates being at an all-time low and prices appreciating again.
That is good news. But don’t get too excited, cautions J. Andrew Hansz, director of the Gazarian Real Estate Center at California State University in Fresno. Hansz says it will be “a very long time” before prices return to 2005 levels, and warns that the market is likely to see many ups and downs in the future………………………………………..Full Article: Source


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