Bursting point: A deflating time for US housing market
The US housing market has come down to earth with a bump, but the landing has not been as hard as many investors had feared. There are even some positives to be gleaned from the recent strong performance of mortgage-backed securities and the success of the new ABX index. Dalia Fahmy reports
The US housing bubble that has cast a shadow over investors for the past few years seems to have finally burst. After more than doubling over the past 10 years, home prices last year began their long-anticipated correction. But it wasn't as bad as many had feared.
Instead of crashing and taking the US economy down with them, real-estate prices remained steady nationwide, only dropping in certain parts of the country. The value of homes in large cities, for example, shed less than 2%. Most experts
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