The only one sector of the US economy which had not been showing any revival signs was the real estate. However, in April the situation started to change for the better.
First time for 3 months the sales of the US secodary market have boosted by 3.4% to 4 million 620 thousand deals.
May statistics on the business confidence of the US homebuilders has fixed a 5-year peak. In case this positive trend is to extend for a couple of months more, then we can say for sure that the real estate sector is recovering.
Economists relate this favorable findings to the success of programs held by the Federal Reserve System, and the Twist program, in particular.
This program was introduced with a purpose of marking down the yield of long term papers. The Twist program allowed to cut morgtage rates to the minimal values for the entire economic history of the United States.
For that reason and because of employment increase the real estate sales were pushed up. The program is to accomplish in a month - by the end of June 2012. Thus, in a couple of months already it would be possible to evaluate if the housing sector managed to retain its positions.
