With the backdrop of extreme weakness in the US housing market through the end of 2011, the trend of divergence between the distressed and the non-distressed housing markets
continues.
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| Source: Capital Economics |
CoreLogic's latest data show new lows for the US housing market in 2011 with a worrisome downward trend. The non-distressed market however seems to have stabilized. This market duality should continue through 2012 as new inventory of distressed homes enters the market. The hope is that ultimately the non-distressed component will provide support to the overall market.
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