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Analysis

A Fresh Look at the Housing Market: What Has Changed?

By Prajakta Bhide and Christian Menegatti

EXECUTIVE SUMMARY

Back in September 2009—when U.S. housing market indicators were beginning to look up—analysts began heralding the data as a sign of stabilization and subsequent sustainable recovery in the housing market. Indeed, housing starts and new and existing home sales were improving, and home prices appeared to be finally…

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