04.08.2011 - U.S. housing market rebound unlikely anytime soon

Dragged down by such anchors as a bulging pipeline of foreclosures and a dearth of buyers, it will be many more months - if not years - before a housing market rebound takes hold. Symptoms of the limping U.S. economy, primarily an unemployment rate above 9% and weak consumer confidence, along with much stricter lending rules, have helped keep buyers scarce..............................................Full Article: Source

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