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US: Housing prices won’t recover until 2013: Economists

Posted on 24 November 2011

Sam BullardU.S. home prices will stagnate through next year and only start recovering in 2013, according to economists polled by Reuters who also felt the stimulus options being floated will not do much to reinvigorate the market.
The housing market, considered by many as critical to any meaningful economic recovery, is still struggling to find its footing after collapsing by a third over the past several years, leaving many owing more than their homes are worth………………………………………..Full Article: Source


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