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After hard winter, US housing industry sees signs of pickup

from Reuters

In Indianapolis, an open house event tends to draw 10 people on a good day. But after the snowiest winter on record for the U.S. Midwestern city, prospective home buyers were champing at the bit: 45 people came to an open house late last month, according to mortgage executive Greg Block. "The realtor was dumbfounded," said Block, vice president of lending at Austin, Texas-based Open Mortgages, which has branches near Indianapolis. "The winters were so brutal across the country that people just hunkered down and didn't do anything." more

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