Housing decline threatens to last into 2009

Ivy Zelman’s view of the U.S. housing market is gloomy, but it’s probably the most realistic. A veteran Wall Street analyst, Zelman, chief executive of the research firm Zelman & Associates, says it’s unlikely the U.S. housing market will recover before 2009, adding there’s a “50 to 60 percent chance of a recession,” as the housing ...

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Housing decline threatens to last into 2009

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