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Has housing finally hit bottom?

Posted on 14 September 2011

Prices are bouncing along the bottom, down 24 percent from their 2006 peak. Banks are stubborn as ever about credit, on track to make 2011 the slowest year for loan originations in more than a decade. And construction continues to limp along at half its healthy rate.
That’s right: Just like Wall Street, the housing market didn’t exactly shine this summer. And many economists think a national rebound is still out of sight — if not out of mind. “It’s not on the horizon,” says Peter Muoio, a principal at real estate consulting firm Maximus Advisors……………………………………….Full Article: Source


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