After the last home price boom, which ended about the time of the 1990-91 recession, home prices did not start moving upward, even incrementally, until 1997.
—Shiller, from the NYT
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- [U.S. banks face] challenging market conditions…[the collapse of the housing market has led to] a substantial deterioration in asset quality and earnings… [State banks also face] deteriorating credit conditions [this year].
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