What happened to the US housing MELTDOWN?

March 24, 2009 | 11 : 32 AM

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This story is pretty interesting. It makes one ask the question if the seasonally adjusted average price for ALL the US is only down 9.6% since it’s peak in April 07 then where is this meltdown?To me it seems as usual the regional areas that are experiencing 30+% drops are “hogging” the news.The same thing in Canada, it is the hotter areas that had the biggest boom that are seeing the biggest drop, insert Calgary and Vancouver here, but in reality across the country the news is not all bleak in the housing market. It is just nobody seems to care what is happening in those areas.

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