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Negative Equity in Housing Nears $4 Trillion

Tweet Negative equity gap nears $4 trillion The U.S. housing market contains a nearly $4 trillion-dollar negative equity hole, according to Williams Emmons, an economist with the Federal Reserve Bank of St. Louis. Emmons made that statement while speaking at Housing Wire's 2012 REthink Symposium. The Fed Bank economist said it would take $3.7 [Continue]

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