Freddie Mac has released its U.S. Economic and Housing Market Outlook for August showing why shadow inventory might not be as foreboding as many thought and an important reason why is the rate at which excess housing is being absorbed. The Freddie Mac House Price Index for the U.S. showed a 4.8 percent gain from March to June 2012, the largest quarterly pickup in eight years; the national index posted a June-to-June rise of one percent, the largest annual appreciation since November 2006.Click to continue
↧