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Could 2013 bring a positive surprise to the housing market?

The housing market could benefit from a number of positive surprises in 2013. In particular, two thatspring to mind are an acceleration of the take-up of the Funding for Lending Scheme, and ongoing strength in the labour market. But given the extent to which house prices are overvalued, it will takea lot of nice surprises to prevent further price declines.

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