US residential property prices have bottomed, new reports show

[Nicholas Wallwork]

Property prices in the US have reached bottom and the real*estate market is past its trough and will move towards*recovery in the next 25 months, according to economists.

An upbeat report from analysts JPMorgan says that after*three and a half years of a negative stance on the future of*housing, it is confident that the housing market is moving*forward.

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