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Why the real estate market has not recovered (access required)

By Dian Hymer
Published: August 19, 2011
Time posted: 7:47 am
The housing bubble of 2006 burst in large part because of lax lending practices that led up to the housing recession. The collateral damage from these practices caused the loss of personal fortunes through foreclosures and investment losses because of the devaluation of mortgage-backed securities tied to nonperforming mortgages, resulting in a global economic crisis. Now the ...


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