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housing prices

Record "Housing Affordability"

Has Housing Hit Bottom?Key Metric Says “Maybe” Falling prices plus low interest rates equals improved housing affordability, right? Maybe. Even if it does, however, Buyers may be too gun-shy at the moment for that to matter. According to the four local realtor associations, the Twin Cities’ Housing Affordability Index (“HAI“) is now at 192, the...
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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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