WASHINGTON (AP): The recovery in the U.S. housing market is at risk of collapsing. Home sales are sliding, prices are stalling and foreclosures are rising. And mortgage rates are likely to go up after next week, when the Federal Reserve ends a program that has driven them down.
The trend could threaten the broader U.S. economy, economists warn. People whose home equity is stagnant or shrinking are less likely to spend freely.
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