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“Crash is over”, U.S. housing market has bottom declared

Posted on 28 May 2012

“The crash is over”, says an economist. “Housing can only go up,” says another. “I think the market has bottomed out,” says one builder. “It appears we have turned the proverbial corner,” says a second.
After hitting a low with stocks in March 2009, U.S. single family building permits rallied in three waves into March 2012. The latest high is more than 65% below the September 2005 peak………………………………………..Full Article: Source

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