US House Purchase Contracts Hold 19-Month High

The number of signed contracts to buy pre-owned homes in December 2011 held near a 19-month high, showing that the stabilization in the US property market will extend into the new year.

A senior economist at Moody’s Analytics Inc says “We’ve had a clear turn toward positive momentum in the US housing market”

And the chief executive officer of construction company Toll Brothers Inc said in a recent interview that the US economy is beginning to firm up. “We see more people coming out to buy. The affordability has never been better,” he said.


Posted: 25 January 2012
Source: Boomberg
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