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IPFS News Link • Economy - Economics USA

Property value in U.S. cities to fall $1.46 trillion in '08

6-20-2008 • Reuters

Property values in U.S. cities are expected to tumble by $1.46 trillion in 2008 due to the housing downturn and subprime mortgage crisis that has pushed the U.S. economy to the brink of recession, American mayors were told.

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