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Bernanke: Housing market already hit rock bottom

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Bernanke said that house prices had crept up over the last year, and that there had been significant improvement in new housing construction, according to Fox Business.

Bernanke said the numbers of foreclosures, while still too high, are declining as were the number of homeowners who are underwater, a term meaning they owe more on their mortgages than their homes are now worth.

Source: Fox Business
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