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US: How not to fix the housing market

Posted on 18 May 2011

The American housing market is in trouble. Prices continue to fall, many would-be buyers can’t qualify for mortgages, sales remain sluggish, and the backlog of potential foreclosures continues to grow.
The benefits of the temporary tax credits offered in 2009 and 2010 have long since worn off. Meanwhile Congress is working to revamp Fannie Mae and Freddie Mac while the FHA gets tougher and tougher on new borrowers. Housing clearly needs another boost and I have just the ticket……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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