The Recovery of the US housing market now appears to be well under way. While demand is still high, even with credit conditions constraining buyers, the low level of inventory is having a significant effect in most makrets. This is likely to persist through the year due to the rapid sales velocity and only modest additions to inventory levels. With affordability still at historically high levels and the market continuing to improve, it could be an opportune time for a well-informed buyer or seller to enter the market.
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