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Terrified Banks May Trigger an $11 Trillion U.S. Housing Market Crash

Banks are tightening mortgage lending standards. The housing market is in trouble as cash-strapped Americans could flood the market. A massive crash could erase trillions in home values in the coming months. The National Association of Realtors (NAR) tried to paint an upbeat picture about the U.S. housing market despite plunging sales of both existing…