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Economic worries dampen US property market

Posted on 11 November 2010

From Ipinglobal.com: High unemployment levels and rising personal debt are helping to contribute to a slowdown in growth of the US property market. Capital Economics has claimed that these factors are helping to dissuade individuals from making purchases in the sector despite record-low mortgage rates.
“Record low mortgage rates and the previous sharp declines in house prices mean that, by historical standards, housing has remained incredibly affordable and very undervalued,” the research firm said……………………………………….Full Article: Source

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