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The two-year-old U.S. housing recovery is faltering.


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2014 Jun 20, 4:57am   1,708 views  2 comments

by ChapulinColorado   ➕follow (0)   💰tip   ignore  

The best-qualified homebuyers jumped into the market last year to grab near-record low mortgage rates that averaged about 3.5 percent after delaying their moving plans during the housing slump.

The two-year-old U.S. housing recovery is faltering.

http://mobile.bloomberg.com/news/2014-06-20/housing-falters-as-forecasters-see-u-s-sales-dropping.html

#housing

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1   ChapulinColorado   2014 Jun 20, 5:03am  

How can housing recover when incomes continue to be low?

http://www.ssa.gov/cgi-bin/netcomp.cgi?year=2012

2   Diva24   2014 Jun 20, 5:45am  

ChapulinColorado says

How can housing recover when incomes continue to be low?

http://www.ssa.gov/cgi-bin/netcomp.cgi?year=2012

Recover from what? The artificially inflated prices that ten+ years of stagnant wages could never been able to afford without all the funny math and "generally accepted accounting practices"

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