Housing market slump may usher in a new recession
21 March 2010
As if the housing market hasn’t been shaken enough by unstable mortgage interest rates predictions by analysts are showing that the current housing market crisis may usher a new recession in the US. Due to bad loans and shady deals the housing market has been on the rocks for the past year prompting the Federal Government to lower interest rates at least twice this year alone. Worse yet, there seems to be no end in sight in the instability which is expected to take till 2009 for the market to recover.
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