The recession was caused at least in part by the housing crash , the housing crash is far from over , US foreclosure filing hits a record of 342.038 for April , that's an increase of 32% compared to 2008 , In California foreclosures are up 42% and Florida 75% , price of houses have falling 32% from the 2006 peak , markets have tumbled businesses have failed , growing unemployment threatens more foreclosures
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