23.06.2009 - US housing market continues to weaken
From Marketwatch.com: The U.S. residential real estate market is caught in the worst correction in decades with few reasons to be optimistic as the economy worsens, according to a key housing report released Monday. "Despite unprecedented federal efforts to jumpstart the economy and help homeowners keep up with their mortgage payments, home prices continued to fall and foreclosures continued to mount in most areas through the first quarter of 2009," according to the executive summary of the State of the Nation's Housing annual report released by Harvard University's Joint Center for Housing Studies.........Full Article: Source
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