| The United States housing market has had a bad year. Between March 2010 and March 2011, the market suffered its biggest year-over-year decline in 16 months.
The drop is the eighth straight decline on a non-seasonally adjusted basis. With a backlog of foreclosures, there is an excess of distressed properties, which could help keep the market depressed and make people less likely to build new homes. Of the 20 cities looked at, only Washington, D.C. showed growth..............................................Full Article: Source
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