Thursday, July 14, 2011

Home Prices Poised to Climb as Foreclosures Wane

For the first time in many months, analysts are predicting an increase in the house prices across the U.S. Foreclosure numbers are decreasing and the number of owners in default declining too. There are now 18% less foreclosure homes on the market than at its peak. However, there are still 1.7 million homes in foreclosure and it is unclear when housing prices will increase and strong growth will occur. Economy management is crucial at this point to ensure growth is encouraged and lending is kept under control.

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