The crisis will end when the more expensive real estate

26.03.2011 08:08
Real Estate Market Analysis | The crisis will end when the more expensive real estate "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

Related article: Growth in housing prices premium in Kiev in 2009 will amount to 20-25%

Greenspan said that falling house prices can not borrow under its guarantee. This hampers the growth of consumer spending.

Accordingly, the growth of the housing market will automatically increase the demand for consumer goods and spur the economy.

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Content tags: Housing Market Forecast
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