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US Housing Sales Collapse
June 23 (Bloomberg) -- Purchases of U.S. new homes fell in May to the lowest level on record after a tax credit expired, showing the market remains dependent on government support.Or one could just as well say that US housing prices are still far too high to be affordable to the average family not suffering from unemployment &/or that US consumers are tapped out after going hog-wild into debt. Posted by: Anguper Hupomosing9418 2010-06-24 |
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