Housing Starts Are Up, but Don't Cheer Just Yet

Despite encouraging numbers, housing isn't out of the woods yet.

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But he adds that there is also potential gain for banks in hanging on to foreclosed homes a bit longer: "The longer they hang on to properties, the higher the hope that sooner or later prices may stabilize and even increase a little bit, and that will give them the opportunity not to lose as much money as they could do if they would move swiftly right now."

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