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U.S. housing rebound feels its own kind of tapering Add to ...

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Is it possible that the U.S. housing recovery has already peaked and is heading in the wrong direction after prices became too frothy to be sustainable amid higher mortgage costs and a central bank hell-bent on tapering?

That’s what the latest data appear to be signalling. If so, those who are counting on a strong housing market to power the U.S. recovery this year may be disappointed.

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