Bernanke Says Housing Market Is Recovering After Hitting Bottom
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Federal Reserve Chairman Ben S. Bernanke said the U.S. housing market is on the road to recovery.
“The evidence thus far is that the housing market has hit the bottom,” Bernanke said in Washington today in response to questions from members of the House Financial Services Committee. “It’s recovering. We’ve seen rising prices in the last year or so. We’ve seen significant increases in starts and sales.”