Two year decline in US property prices halted but recovery likely to be patchy, latest reports show

[Nicholas Wallwork]

The two year fall in US average real estate prices has come to an end and in many areas property is no longer overvalued, according to reports.

The latest quarterly index from IHS Global Insight, provider of economic and financial analysis, shows the decline stopped in the third quarter of this year when prices increased by 0.2% compared with the previous quarter.

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