Wednesday, June 23, 2010

US housing market may take years to recover: Total homeowner equity has plunged to its lowest level since 1985

[mEDITate-OR:
try to explain why FinFacts from Ireland provides U.S. with better economic reports...
{some may suggest that reporting on their own economy is simply to dismal...}

However, for whatever the reason FinFacts is on a par with Bloomberg.

So, enjoy the charts, and if you're a mind to it, go read the Irish version of The Economic Truth !!
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US housing market may take years to recover;
Total homeowner equity has plunged to its lowest level since 1985

http://www.finfacts.ie/irishfinancenews/article_1019919.shtml
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US sales of new single-family houses plunged
to lowest level since at least 1963 in May 2010
after the end of a government tax credit
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US housing starts plunged in May

http://www.finfacts.ie/irishfinancenews/article_1019941.shtml
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