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Old July 15th, 2012, 09:00 AM
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Analysis: In the U.S. housing market, recovery or Lost Decade?

(Reuters) - The worst U.S. housing crisis since the Great Depression has been declared over. But is it? What some of Wall Street's forecasts for a recovery may be underestimating are tectonic shifts in the U.S. economy that make the housing market a different place from a decade ago. Record levels of student debt, 15 years of flat incomes and the fact that nearly half of homeowners are effectively stranded in their houses look likely to weigh on prices into the indefinite future. Several housing experts have said the market is in danger of drifting for years. ...

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