Rochester New York Real Estate

Is the Housing Market Propelling the Economy? If So, For How Long?

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Monday, December 3, 2012

In this article from the Wall Street Journal - Economists project U.S. gross domestic product growth will slow in the final three months of the year from the sluggish 2% annual rate in the third quarter. Businesses, unnerved by the prospect of federal tax increases and spending cuts known as the "fiscal cliff" taking effect in January, have slowed their pace of investment spending. Defense spending also is expected to slow, further weighing on growth.
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