Housing Slowdown Spreads...

Housing slowdown spreads risk far, wide, from the Arizona Republic, reports on local business columnist Jon Talton's take on the slowing housing market. He states that the real estate bubble was fueled by a debt bubble, courtesy of very low interest rates and easy lending. People who could never get a mortgage before became owners, and others used home equity loans for consumer spending. Now these people are getting squeezed by rising interest rates and falling prices. He also suggests that employment numbers could be affected by the housing slowdown, specifically in the construction and services sectors.



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