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The Fragile Recovery in Housing Prices

Blair31 Wrote: Sep 30, 2012 5:50 PM
What housing recovery? According to's, housing prices won't return to where they were before the housing crisis, until 2023.

Housing prices in the U.S. appear to have stabilized, at least in the short term, at a level of affordability about 14-16% above the typical levels recorded in the ten years preceding the U.S. housing bubble:

How Overpriced Are New Homes in the United States? (1987-2011)

To achieve that level of stability, the U.S. Federal Reserve had to push long-term interest rates below the levels the market would otherwise set to all-time low levels, which it has primarily done using its

Related Tags: Recovery Housing