US real estate will take years to recover
There is a lot of talk among analysts watching the USA real estate market that the post recession recovery could be hit by a double dip.
However a poll conducted by Reuters reveal the majority of financial observers believes it is avoidable despite continued high unemployment and growing numbers of foreclosure properties joining the market.
The long term view of recovery show that a small rise in residential real estate prices in the coming months may well result in most USA property markets seeing positive growth by the end of the year. Next year promises to remain rather flat with some experts predicting full recovery will not be witnessed for another five years.
The tax breaks put in place by government helped to stem a tidal wave of distressed properties but now that they have expired several organisations are hoping for more aid for the beleaguered homeowner.