U.S. housing market defies predicted foreclosure glut

12/4/2012 | Bloomberg Businessweek

Two years ago, many experts warned that the housing market would suffer a prolonged downturn as a result of the government's investigation into banks' foreclosure practices. They predicted an eventual flood of houses for sale once the investigation ended and banks began foreclosing again. Months after a settlement was finalized, however, the housing market is strengthening, reports show.

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