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A K-Shaped Recession?

The Breakdown

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The Housing Market Is Getting Hotter and Hotter

According to zillo, home values in seven of the 100 biggest housing markets fell in june. That includes four cities in california, plus austin, texas, seattle and ogden utah. Saint louis fed president james bullard said it wouldn't surprise me if we have to cool off some in the housing market. Redfin's chief economist, darril fairweather, says the country's economic woes have already cooled the housing market; they're likely to continue dampening demand.

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