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 . '/' . substr('9781844679904',-6,3) . '/' . '9781844679904' . '.jpg'; ?>)
By Richard Seymour
$16.95
 . '/' . substr('0547678592',-6,3) . '/' . '0547678592' . '.jpg'; ?>)
By Sebastian Seung
$10.17
$23
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Flickr/Images_of_Money
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According to at least some sources, certain sectors of the American economy are showing signs of life, but the housing market sure isn’t one of them, especially considering the news expected to surface Tuesday that prices have now dipped below the previous lowest point recorded since this recession kicked in three years ago. The recession’s earlier bottom for housing prices occurred in 2009.
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The term “subprime mortgage” has certainly been in heavy rotation in recent months, and economic panic has spread as a result of lenders playing fast and loose with their home-lending criteria, causing chaos in the mortgage market. Enter the Federal Reserve to try to undo some of the damage and prevent a recurrence.
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