28.09.2012 - U.S. housing market comes out of the woods
After sinking for six awful years, the U.S. housing market finally has bounced off the bedrock: Sales are up, prices have stabilized, more homeowners are keeping up with their mortgage payments. A huge weight on the economic recovery is slowly lifting. In recent days, reports have shown home prices starting to rise. On Tuesday came news that the S&P/Case-Shiller home-price index climbed in July, the fourth straight monthly improvement. Prices in the Chicago area rose 2.7 percent in July, better than the 1.6 percent national gain. At the same time, homebuilders have announced stronger earnings based on increased demand for new housing...............................................Full Article: Source
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