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| August 13, 2009 |
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| July 28, 2009 |
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| September 30, 2008 |
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News-3: The falling US housing market, the trigger for the global financial crisis, is still far from reaching the bottom, promising more pain for consumers and more bad debt for banks, analysts say. With the real estate bubble burst, prices are sinking under pressure from a glut of unsold homes, particularly in areas like California, Florida and Arizona, rising unemployment and foreclosures, as well as tightening credit conditions. "In terms of prices, I don't think they'll bottom out until the end of next year and I don't think they're going to bounce back. They'll crawl back," chief economist for ratings agency Standard & Poor's, David Wyss, told AFP. He sees another 10 percent fall over the next year measured by the Standard & Poor's/Case-Shiller property survey that tracks prices in 20 cities. The market has fallen by 20 percent since its peak of July 2006.
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| September 30, 2008 |
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News-4: The falling US housing market, the trigger for the global financial crisis, is still far from reaching the bottom, promising more pain for consumers and more bad debt for banks, analysts say. With the real estate bubble burst, prices are sinking under pressure from a glut of unsold homes, particularly in areas like California, Florida and Arizona, rising unemployment and foreclosures, as well as tightening credit conditions. "In terms of prices, I don't think they'll bottom out until the end of next year and I don't think they're going to bounce back. They'll crawl back," chief economist for ratings agency Standard & Poor's, David Wyss, told AFP. He sees another 10 percent fall over the next year measured by the Standard & Poor's/Case-Shiller property survey that tracks prices in 20 cities. The market has fallen by 20 percent since its peak of July 2006.
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| September 30, 2008 |
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News-5: The falling US housing market, the trigger for the global financial crisis, is still far from reaching the bottom, promising more pain for consumers and more bad debt for banks, analysts say. With the real estate bubble burst, prices are sinking under pressure from a glut of unsold homes, particularly in areas like California, Florida and Arizona, rising unemployment and foreclosures, as well as tightening credit conditions. "In terms of prices, I don't think they'll bottom out until the end of next year and I don't think they're going to bounce back. They'll crawl back," chief economist for ratings agency Standard & Poor's, David Wyss, told AFP. He sees another 10 percent fall over the next year measured by the Standard & Poor's/Case-Shiller property survey that tracks prices in 20 cities. The market has fallen by 20 percent since its peak of July 2006.
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