Adjusted for inflation, US home prices are still lower than in 2006. For most US households, the home they own is their biggest financial asset.After the housing bust of 2007, when collectively about $7 trillion in home value was wiped out by declining house prices, many people have looked to subsequent increases in home prices as an indication that things are getting back to normal, at least.
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The well-known naval expert Mr. F. T. Jane, disputes the claim that has been put.
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