U.S. Economy

The End of the Housing Hangover

U.S. homeowners have finally regained the equity they lost in the bust.


Photographer: Michael Nagle/Bloomberg

A giant housing-debt hangover has been one of the main culprits behind the U.S. economy's lackluster recovery from the 2008 recession. In one encouraging sign, new data from the Federal Reserve suggest that American homeowners might finally be getting out from under it.

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