tailieunhanh - THE SCOTTISH ECONOMIC RECOVERY PLAN: ACCELERATING RECOVERY

Household finances and attitudes also bear heavily on the housing market, which has generally remained depressed. In particular, home sales dropped sharply following the recent expiration of the homebuyers’ tax credit. Going forward, improved affordability--the result of lower house prices and record-low mortgage rates--should boost the demand for housing. However, the overhang of foreclosed-upon and vacant housing and the difficulties of many households in obtaining mortgage financing are likely to continue to weigh on the pace of residential investment for some time yet. . | The Scottish Government THE SCOTTISH ECONOMIC RECOVERY PLAN ACCELERATING RECOVERY SMARTE HEALTHIE SAFER STRONGE GREENER 3 March 2010 THE SCOTTISH ECONOMIC RECOVERY PLAN ACCELERATING RECOVERY The Scottish Government 2010 Crown copyright 2010 ISBN 978-0-7559-8271-4 The Scottish Government St Andrew s House Edinburgh EH1 3dG Produced for the Scottish Government by RR Donnelley B63580 03 10 Published by the Scottish Government February 2010 Further copies of this document are available on request Please contact 0131 244 3342 or EconomicStrategyDirectorate@ 100 of this document is printed on recycled paper and is 100 .

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