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December 30, 2008

Recession Hits Housing Prices

Oct. Case-Shiller Numbers: Down 18% from ’07“People who think they’re going to lose their job don’t buy a home” –Steven Ricchiuto, chief economist at Mizuho Securities; NY Times (12/30/08)There’s not much mystery about the most recent leg down in the national housing market: recessions destroy jobs, and people who are unemployed — or worry they...
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