UK home price increase hits record – US market can follow the trend setter in Europe
Karen Gonzales
Mar. 25, 2007

The UK hosing market collapsed before the US housing market. The residential real estate market refused to buckle in UK with supply shortages. Eventually it quickly recovered and trended way higher.

U.K. residential real estate prices increased the most in almost four years in March. The average cost of a home in England and Wales appreciated an annual 6.58 percent, to 171,250 pounds ($335,000). That is a record and if the trend continues will set a trend that will carry across the Atlantic.

The US housing market can potentially follow the UK market. The lumber futures contracts held by the commercials point to a building pressure on the demand for lumber. That is significant. Do not surprised to see a booming real estate market one year form today.

UK home price increase hits record – US market can follow the trend setter in Europe
Karen Gonzales
The US housing market can potentially follow the UK market. The lumber futures contracts held by the commercials point to a building pressure on the demand for lumber.
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