(AFX UK Focus) 2010-06-14 05:16 Jobs key to U.S. housing recovery -study

Published June 14, 2010

(AFX UK Focus) 2010-06-14 05:16 Jobs key to U.S. housing recovery -study
NEW YORK, June 14 (Reuters) – The U.S. labor market will hold the key to a recovery in the hard-hit housing sector, according to a Harvard University report released on Monday. Record high foreclosures and a high jobless rate both pose significant challenges to the housing market, but some recovery in labor markets and record low mortgage rates could partly overcome other pressures, said the …