Housing Recovery: Not Yet, but When?

Standard & Poor's believes markets will stabilize and then recover in 2010

It looks like the U.S. homebuilding story entering 2009 may be much like 2008, with weak demand, high cancellations, lower pricing, and industry inactivity. Current housing market conditions remain weak, with a deepening recession keeping many qualified homebuyers on the sidelines and the financial system still in a crisis situation.

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