the US economy over the last
several years. Without the
wealth effect from real estate
gains, Weller suggests
Americans will find it harder
to buy that new car The
unprecedented run-up in
housing prices is all but over
according to Dr Christian
Weller, Senior Economist at
the Center for American
Progress. Housing has been the
more

the US economy over the last
several years. Without the
wealth effect from real estate
gains, Weller suggests
Americans will find it harder
to buy that new car The
unprecedented run-up in
housing prices is all but over
according to Dr Christian
Weller, Senior Economist at
the Center for American
Progress. Housing has been the
biggest driver of the US
economy over the last several
years. Without the wealth
effect from real estate gains,
Weller suggests Americans will
find it harder to buy that new
car, pay for college or go
crazy at the mall,and what's
more, many people may be in
dangerous loans. That spells
bad news for the economy writ
large...

Read Christian's report, 'The
End of the Great American
Housing Boom' here:
http://www.americanprogress.or
g/issues/2006/12/end_of_the_bo
om.html

WWW.AMERICANPROGRESS.ORG
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Category Travel & Places

Tags US, economy