Financial Times FT.com

In search of a floor: Is America’s house price crash at last bottoming out?

By James Politi and Krishna Guha in Washington, Saskia Scholtes in New York and Rebecca Knight in Boston

Published: September 9 2008 20:09 | Last updated: September 9 2008 20:09

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For Leon Belenky, the low came at the beginning of summer. “Everybody was sitting on the sidelines,” says the Florida real estate broker. “They were waiting to see what was going to happen and no one was buying.”

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