"Real estate prices will have to grow by at least 10% to full recovery of the market became apparent," - said former Federal Reserve chairman Alan Greenspan.
While in the United States all the way around. Index S & P / Case-Shiller Home Price, reflects the dynamics of the U.S. housing market in the third quarter of last year (the latest available data) fell 1.6% on an annualized basis. The number of embedded houses sold in the U.S. court in December 2010 rose to a record level of 2.2 million
Accordingly, the growth of the housing market will automatically increase the demand for consumer goods and spur the economy.