Thursday, March 24, 2011

Housing pains

imageHousing prices in the United States have collapsed to the level not seen since 2004. While economists and other experts are talking up the economy and are advising consumers that the recession is over, the housing market in the US refuses to rebound in a sustainable fashion.

It suggests that the structural issues underlying the housing price decline have not yet been resolved and thus the housing market continues to falter.

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