Is it buying time in US housing market?

TomoNews Funnies 2012-01-11

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During the US housing boom, people believed that housing prices could only go in one direction -- up. Year upon year of double-digit appreciation led to looser credit standards and people treating their houses like ATMs. Then the housing bubble popped and now real estate has become considered as a toxic asset class. Prices have dropped substantially all over the United States. Would it be a good time to hunt for bargains soon? 

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