Housing Slump Gets Longer and Longer

Housing Slump Gets Longer and Longer

The slump in home sales and prices will be deeper and last longer than previously expected, according to the latest forecast by the National Association of Realtors.

The trade group is now looking for flat prices for existing homes in the first quarter of 2008 compared to the first quarter of 2007, and a more year-over-year declines for new home.

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