Don't Expect a Housing Turnaround Anytime Soon

The housing market likely won't turn around anytime soon, according to the Mortgage Bankers Association, which released its forecast for the 2008 housing market and the economy in general today. The Washington, D.C.-based group predicts that the housing sector will continue to suffer through the middle of next year, then begin start to turn around, but slowly. Among the highlights: Home starts (new construction) will hit bottom sometime between April and June of 2008 while sales will hit...Full Story
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