Author Topic: The US housing market is still shaky  (Read 3133 times)

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Denny Crane

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The US housing market is still shaky
« on: November 12, 2011, 10:22:34 am »
Analysts believe it will take until 2014 before prices even return to 2010 levels.
Repossessions (foreclosures) continue to grow resulting in any potential homebuyers being put off by repossessed house pushing prices down even further.

The US housing sector contributes 0.5% to real growth US GDP.
The current housing market is acting as a drag on the US economy reducing GDP by around 0.15% over the past year.
This could be bad news for the world economy in general.

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