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January 21, 2011

ULI expert says in developing housing, one size won't fit all

  • More than ever, housing providers will need to cater to people with different aspirations and budgets.
    • By LYNN PORTER
    Journal Staff Reporter

    U.S. housing prices should fall 5 percent this year and start to stabilize in 2012, according to John McIlwain, an Urban Land Institute senior fellow who studies housing trends.

    McIlwain

    Massive foreclosures will keep pressure on prices, as will high unemployment and an oversupply of homes that is partly due to fewer households being formed post-recession.


     
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