22.06.2009 - Cracks seen in foundation of U.S. housing recovery
From Theglobeandmail.com: Though buyers are rushing in, rising interest rates, growing unemployment and a likely new wave of foreclosures signal that problems in the sector are far from over. At the current pace of sales, it would take 10 months to move all the houses now for sale in the United States. That's about twice as long as it would take in a normal market, said Stan Humphries, vice-president of analytics at Zillow.com, a Seattle-based company that tracks U.S. housing prices.........Full Article: Source
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