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Optimism is up, but the U.S. housing market faces a painful shift

Posted on 26 April 2012

It’s spring, the time when Americans traditionally think about new homes — trading up for growing families, downsizing for retirees, picking up a vacation home or buying a starter home to escape renting.
But four years after the start of the financial crisis, and six years after home prices began to collapse, the market is still shaky. Nationally, prices are about 35% below their peaks in 2006, according to the S&P/Case-Shiller Home Price Indices released on April 24, and in some markets homes have lost 60% of their value………………………………………..Full Article: Source


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