Housing Slump May Worsen Next Year, Not Get Better


Posted on Nov 19, 2009

If you already took advantage of the government's tax credit for first-time homebuyers-or are planning to do it anytime soon-you'll probably agree with this prediction: Sales of existing homes will peak in the final quarter of 2009, then begin a year-long slide, which is likely to be a sharp one, according to some estimates.

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