U.S. Housing Market Double-Dip Unlikely, Wharton’s Wachter Says
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The U.S. housing market probably will avoid a “double-dip” next year as a recovery depends on job growth, said Susan Wachter, a real estate professor at the University of Pennsylvania’s Wharton School.
“Nationally, we’ll see a bumpy ride instead of a double-dip,” Wachter said in an interview from Philadelphia today on Bloomberg Television. “Jobs are key.”