home loans fall to nine year lows, page-11

  1. mike68
    11,875 Posts.
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    09/08/10
    16:47
    Post #: 6998805
    as personal debt levels reach extremes the housing market will be correlated to employment i think

    we had rising house prices with 7% unemployment

    but I think that ship has sailed now

    with such high debt levels now, 7-8% unemployment will be very detrimental to house prices even with a rate adjustment




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