23.11.2011 - US: The real estate market isn’t dead
News flash: The residential housing market is a mess. As I wrote in the past, declining values, weak sales, high inventories and legal problems with foreclosures have turned many people off to buying a home. It’s one of the major problems the Executive Office and the Federal Reserve are presently attempting to tackle as the housing market is seen as a direct stimulus to economic recovery. But here’s something you probably wouldn’t expect: As a group, U.S. REITs have gained about 170 percent from the lows of two years ago. Up north, Canadian REITs have risen more than 120 percent – and both of these totals are excluding dividend payments...............................................Full Article: Source
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