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July 27, 2010

Experts: Housing won't hit bottom for a year

  • The chief housing economist at Moody's says it could be a decade before the average price nationally reaches the peak it hit four summers ago.
    • By ALAN ZIBEL
    AP Real Estate Writer

    WASHINGTON — Thought the housing crisis was over? Not quite.

    Despite four years of falling prices and recent signs that they were finally bottoming out, homes are expected to lose still more value in many metro areas over the next year.


     
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