The U.S. housing market continues to show signs of recovery, outpacing the relatively weak U.S. economic recovery. Standard & Poor’s baseline forecast assumes that the U.S. economy will continue to grow slowly in 2013, avoiding any substantial negative economic impact from the looming fiscal cliff and growing federal deficit. The U.S. economy grew 3.1% in [...]
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U.S. Housing Recovery Is Taking Hold, But Analysts Say Challenges Remain
After years of tenuous signals, the U.S. housing recovery is now finally on better footing, said credit analysts and researchers at the Standard & Poor’s Ratings Services’ Housing and Commercial Real Estate Roundtable, held on April 9, 2013, in San Francisco. Why is this time different? The most critical indicator is home prices, which increased [...]