Friday, April 07, 2006

Housing Experts Worried Housing Will Drag Us All

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From the Washington Post:
The U.S. economy is more dependent on housing than it has been in a half-century, as the sector fuels consumer spending and has accounted for nearly three-quarters of the nation's job growth in the past five years.

As a result, economists worry that the housing slowdown that began late last year could hurt the broader economy more than past real estate downturns, although other parts of the economy appear to be accelerating.
-- The Boy in the Big Housing Bubble/Los Angeles and Beyond