2012 turning point for US housing market
Several leading USA real estate experts believe 2012 will bring positive changes to the national property markets after several tough years that has seen house price plummet across the country.
The first six months of 2011 was a period of failing economic policies and consumer confidence levels were at an all-time low due to high unemployment and foreclosure concerns for thousands of families but towards the end of the year several encouraging signs of stability emerged as the labour market began to gradually edge towards recovery.
Housing industry specialists appreciate that recovery is still several years hence but believe that an increase in housing starts is a good sign for the months ahead, there has been an improvement in the availability of funds across the American home mortgage market and affordability is beginning to rise to acceptable levels.
It remains to see how the financial crisis across Europe may affect the US economy but early signs look promising for a move towards economic growth.