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The housing market: Not your analyst’s oldsmobile?

Posted on 24 April 2013

Housing’s long-awaited recovery has him recalling his younger days. About “18 months ago, the industry was nothing much to look at: dilapidated foreclosures were flooding the market, home equity had suffered the worst retrenchment in a generation, and housing starts and sentiment were far below historic troughs levels. But after stabilizing in 2012, both new and existing home prices are now accelerating much more rapidly than in the 1990s cycle.”
Mr. Kim tells Developments that his dad gave him the vehicle and the engine cracked after it was driven too hard………………………………………..Full Article: Source


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