Property: Housing weighs down the recovery...

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2011-01-13 06:29:04

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FINANCIAL TIMES - Property
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Thursday January 13 2011

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Financial Times - Property
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Housing weighs down the recovery
An estimated 5.5m US households are tied to mortgages that are at least 20 per cent higher than the current home value. These are the borrowers most likely to default, writes Mort Zuckerman

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