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03/27/10
Recovery in housing appears at risk
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:46 pm

Home sales are sliding, prices are stalling and foreclosures are rising. Mortgage rates also are likely to go up after next week, when the Federal Reserve ends a program that has driven them down.

The trend could threaten the broader economy, economists warn. People whose home equity is stagnant or shrinking are less likely to spend freely.  more…


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