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US: Time for more housing stimulus?

Posted on 23 August 2011

Gary AckermanA New York congressman is preparing legislation designed to provide a heavy dose of stimulus to the housing market by enticing first-time home buyers and investors to buy homes.
Billed as a 21st century version of the “Homestead Act,” the legislation is designed to help plow through a glut of foreclosed homes that are weighing on housing markets. Housing demand remains weak, even though mortgage rates have fallen to record lows……………………………………….Full Article: Source


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