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Growing US confidence in housing recovery

The following article appeared in the South China Morning Post today and confirms the change in sentiment in the US towards the real estate market there.

‘Potential homebuyers and sellers are growing more confident that the US real estate market will begin to recover as soon as next year according to a Prudential Real Estate survey. Sixty per cent of 1,251 people surveyed last month had positive views about the housing market and 70% expected property values to improve over the next two years. About 63% said they considered real estate a good investment, the US broker reported. Survey respondents were 25 to 64 years old with a household income of at least US$50,000 and either recently bought or sold a home or were considering a purchase or sale’ Bloomberg