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US housing wealth centred in a few markets

Study finds 10% of communities held 52% of total wealth
Monday, September 15, 2014 - 12:09

In the works: Many forecasters in the industry say that the double-digit rise in home prices nationally will slow to the single digits through 2018. - PHOTO: BLOOMBERG

[WASHINGTON] A sizable chunk of America's housing wealth is concentrated in a few markets, and that picture is unlikely to change as the housing recovery unfolds, according to a report released on Wednesday. The Demand Institute, a non-profit group run by the Conference Board and Nielsen,

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