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Shugg Says U.S. Housing Market Optimism `Not Justified': Video
Posted
March 23, 2012
Views
309
March 23, 2012
309
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4:28Now PlayingOct. 23 (Bloomberg) -- James Shugg, a senior economist at Westpac Banking Corp., talks with Bloombergs Margaret Brennan about the outlook for the U.S. housing market.
Shugg also discusses the prospects for economic growth, the impact of first-time homebuyer tax credit on home sales and the luxury-home market. Sales of existing U.S. homes rose 9.4 percent in September to a 5.57 million annual rate, the highest level in more than two years. (Source: Bloomberg)
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