Article Excerpt: Our 2011 survey found that the median expectation for home price appreciation next year is just 1%. So it won’t be surprising if new home sales remain abysmally low and few jobs are created in the hard-hit construction industry. And it shouldn’t be a shock if the personal savings rate stays at around 5%, as it has recently, up from around 1% in 2005. This would mean that consumer spending will not drive a strong recovery.
http://www.nytimes.com/2011/06/12/business/economy/12view.html?_r=2
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