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New York home prices forecast to drop 40%

Posted on 17 June 2009

From Time: What’s it feel like to survive one hurricane only to be told that another is on the way? New York City–area homeowners are in just that spot.
After the region suffered the brunt of financial-industry cutbacks, the next big wave of woe could be a nor’easter of collapsing home prices……..Full Article: Source


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