Topic - Jennifer Lee

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  • With no further federal incentives, Ms. Lee said, the floundering housing market will not be able to stage a recovery unless the pace of job and income growth picks up considerably from anemic levels.

    Sales of existing homes plunge →

  • "Mortgage rates at record lows are not enough to entice potential buyers," she said. "Without a job, without steady income, mortgage payments cannot be made, no matter how low the rate. And that's the bottom line."

    Sales of existing homes plunge →

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