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Housing’s good news is federal cash shortage: Caroline Baum

Posted on 03 May 2011

With U.S. home prices back down to their 2009 lows, you might be wondering what all the government programs to stabilize the housing market have accomplished.
And for good reason. Various federal initiatives, especially the first-time homebuyer’s tax credit, seemed to put a brake on the three-year dive in prices from July 2006, the peak, to April 2009……………………………………….Full Article: Source


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