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How strong is housing recovery? Depends on where you are

Posted on 03 December 2012

Six years since the start of the greatest housing collapse since the Great Depression, one doesn’t have to look very far to see signs of a recovery. Nationally, home prices are rising after more than a 30 percent drop since mid-2006.
Rather than being a drag on the U.S. economy, housing is now seen as a contributor to growth. Despite the national numbers, prices aren’t rising everywhere. The still-shaky economy fuels other concerns, particularly threats of recession due to the looming “fiscal cliff.” “It’s almost a ZIP code-by-ZIP code recovery,” said Stan Humphries, Zillow chief economist………………………………………..Full Article: Source


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