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US: Housing ends slide but faces a long bottom

Posted on 30 April 2012

Nearly six years after home prices started falling, more U.S. housing markets appear to be nearing a new phase: a prolonged bottom.
Hitting a bottom, of course, isn’t the same as a full-fledged recovery, which is still years off for many housing markets—as well as for millions of people who purchased homes or took cash out during the bubble. The good news is that housing construction and home sales appear to have hit a floor………………………………………..Full Article: Source


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