High Unemployment Levels Depress Housing Market

The housing market has made fresh turns downwards recently. The homeownership rate has dropped to 66.4 percent, the level in 1998. It seems recovery in the housing market has not arrived in the first half of this year.

The housing market has made fresh turns downwards recently. The homeownership rate has dropped to 66.4 percent, the level in 1998. It seems recovery in the housing market has not arrived in the first half of this year.

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