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IPFS News Link • Housing

Fall in US house prices heralds problems for all

5-26-2008 • Financial Times

The US housing market is wildly out of whack, with a huge overhang of 4.55m unsold houses. Data on Friday showed this backlog at a record level, which would take more than 11 months to clear if sold at a normal pace.

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Reported By Powell Gammill

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Fall in US house prices heralds problems for all

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