Condo Nation: Why So Few Americans Are Buying Homes

John Melloy

Condo Nation: Why So Few Americans Are Buying Homes

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http://www.cnbc.com/ “People are moving out of Mom and Dad’s basement finally, but they are renting or buying apartments rather than homes,” said Jeffrey Greenberg, an economist with Nomura Securities International. “You have to assume another three to five years before the whole housing market recovers because of the enormous foreclosure overhang.”
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