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Loan Modification
: Mortgage Lender Implode-o-MeterHousing Market Threatens U.S. Recovery as Sales Slide Resumes
By Implode-Explode Heavy Industries
Lower prices, fewer home sales and a drop in residential construction will sap consumer spending that accounts for about 70 percent of the world?s largest economy, according to Woodley Park?s DeKaser.
?There?s a tight relationship between home sales and outlays on furniture, appliances and building materials,? he said. ?We?ve already seen some pullback on housing-related items because of the drop in home construction.?
Full post as published by Mortgage Lender Implode-o-Meter on June 23, 2010 (boomark / email).
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