Date Published | 11/16/2012 |
Author | Marja Hoek-Smit |
Theme | |
Country | United States |
FreddieMac’s recent data show that the US housing market is healing. The S&P/Case- Shiller 20 city and the Federal Housing Finance Agency’s purchase-only price indexes continue to show positive gains, home sales were at a rate of almost 5 million for the first nine months of 2012, and home-owner and rental vacancy rates have declined to 1.9 percent and 8.6 percent respectively. Interestingly, the Outlook compares these data with what a healthy housing market should look like:
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