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Have US house prices bottomed?

Posted on 19 April 2012

Nouriel RoubiniEconomist Nouriel Roubini described it as the biggest US housing slump in half a century. It was so big, it helped bring down one of the world’s biggest investment banks, Lehman Brothers. What followed was a complete freezing of international credit markets and what’s been dubbed ‘The Great Recession’.
House prices in the US have since been bouncing along the bottom of the market. Now market watchers are selling the idea of Australians owning US property………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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