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Analysts fear debt ceiling deal will hurt the recovering housing market

Posted on 03 August 2011

As politicians continue to battle over the national debt ceiling in the nation’s capitol , real estate analysts fear that the wrong deal could send the sluggishly recovering housing market into a tailspin. Director of the Corky McMillan Center for Real Estate Michael Lea believes that a short-term debt deal could mean that interest rates rise and, more problematically, consumer confidence could plummet.
“If you’re not confident about where the economy is going…you’re not going to be confident about buying a house,” he said, while other analysts speculated that personal finances would take a major hit if a long-term deal is not struck……………………………………….Full Article: Source


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