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A second housing crash could be just around the corner
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Friday, June 04, 2010
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From Pragmatic Capitalism:

The market was ecstatic on Wednesday in anticipation of Friday’s big job’s report. But while the market rallied 2.5%+ there was a potentially far more important story than the census driven job’s report: the real estate data.

While the data came in “better than expected”, primarily due to the end of the home buyers tax credit, there was an underlying red flag...

Read full article..

More on housing:

This is a must read for housing bulls...

Yale economist Shiller: New housing slump could crash stocks

Gov't insanity: Barney Frank blames Republicans for Fannie and Freddie disaster

Topics: Housing | Government_Stupidity | Real_Estate
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