Fledgling housing recovery has a long way to go


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The U.S. housing market will see a modest rebound in 2012 but in light of the depths to which it fell in 2011, the recovery’s unlikely to feel all that good. Says one economist: “This is not going to be a great year.” But as another notes: “Affordability is sky-high and mortgages are dirt-cheap. [...]

 

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