The housing sector that dragged the economy into recession three years ago, is still in bad shape. Home sales are eroding despite low mortgage rates. There are just too many homes on the market and not enough people to buy them. Plus, there's a huge shadow inventory: Millions of other homes are waiting to come on the market.
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Full story at http://www.npr.org/templates/story/story.php?storyId=128923334&ft=1&f=1006
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