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Crazy to see house prices in San Francisco dropped by 12% between May and Nov! Wonder how far it'll go down this year... The full piece on US house prices by below: think.ing.com/articles/us-ho
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"With house price-to-incomes ratios remaining stretched by historical standards, further large falls [in U.S. home prices] are expected" writes James Knightley, ING's chief international economist.
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