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A housing boom in 2012? Not so fast

Posted on 01 March 2012

Dean BakerHow far is the U.S. housing market from a full recovery? Pretty darn far: “House prices would need to increase by at least 14%, real residential investment would need to increase by at least 50%, and housing starts would need to grow by at least 80% from current levels to restore long-run equilibrium,” according to a new report from the Carlyle Group.
Even so, the private equity giant is still sanguine about the housing market’s recovery………………………………………..Full Article: Source


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