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Tuesday, August 21, 2007 04:44:48 AM

BUSINESS

Problems in the American Housing Market

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For the past several years the purchase of a house in the United States was a good investment.

Every year real estate prices grew higher and higher.

In some areas, home prices have doubled or sometimes tripled in the past decade.

However, the rise in housing prices has stopped in recent months.

In fact, the price of some homes has decreased in several American cities this summer.

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