Housing affordability plunges to lowest level since 2006. The property market's 'great slowdown' is here, Bank of America says - MarketWatch

A new report from Bank of America Institute adds two more gloomy data points illustrating that the U.S. housing sector is in a downturn.

A great slowdown is happening in the U.S. housing market, a new report from Bank of America says, as mortgage originations shrink and spending on household items softens.New data from Bank of America… [+1831 chars]

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