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Continued Low Housing Prices Could be Ticking Time Bomb

Home prices dropped across America lower than expected. This slide has led some experts to predict that housing is headed for a double-dip.
Yet. despite a glut of homes lingering in foreclosure proceedings, analysts say, that a recovery in the housing market will, in large part, depend on an overall economic recovery.
Data released this week from the S&P /Case Schiller index across 20 major U.S. cities fell 1.3% in October from September, the third straight national decline.

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