US housing market blues
Filed in archive markets by leon on August 14, 2008

More evidence of the US housing crisis with a new study, reported here, showing that one in three US home owners who bought in the last five years now owe more than what the property is worth.
The study shows how far prices have crashed and the situation looks terminal. Fixing it is going to require some very hard decisions.
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US
housing
crisis
mortgages
2007
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hedge+funds
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Mr Wong
