The housing market

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This last point is underlined by the most recent data of United States in the housing market. As indicated, the prices of goods estate in the tomb of the market of Charlotte 6.8% for the fiscal year ending in March, according to the Standard & Poor s/case-Shiller

Director Executive John Stumpf, said he sees signs of a turnaround in the housing market as the number of outstanding mortgage payments decline.

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Stumpf said that investors in a Conference of work are the key to whether indicator of whether the owners keep pace with their loans, Bloomberg reports.

"The Americans pay their invoices, if they have a job," said the head of Wells Fargo (NYSE: WFC), has its operations from coast is headquartered in Charlotte.

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Stumpf made his comments, the Government indicated that the U.S. unemployment rate increased from 9.1% in May. Employers added 54,000 jobs last month, but had declined considerably from the 232.000 in April and may at approximately 450 000 2010.

Stumpf said energy costs were among the major challenges of the country and in some areas of real estate have reached the bottom.

home price index. Local prices in March fell 2.4 percent of the levels of February.

The index of the 20 tracks 19 and US markets showed declines in prices for the period of 12 months. Charlotte's fall to equality for the larger seventh between these markets.

The single market to account for a profit for the year was Washington, D.C., with an increase of 4.3%. Minneapolis market was the lowest, with a price reduction of 10%. The index has seen an overall decrease of 3.6 per cent for 12 months.