January 26, 2006
-- by Dave Johnson
The five-year housing boom is showing increased signs of cooling, and that's likely to mean slower growth for the entire national economy. The big question now is whether home prices will come crashing to earth with even more severe consequences.
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I'm not sure it's not the other way around, considering the huge layoffs in the auto industry and the inflation being caused by the price of oil. A slowing economy could be causing the housing slowdown, couldn't it? Undoubtedly the two are feeding into each other.
Posted by: MJ at January 27, 2006 5:53 AM
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