Don’t Count on Housing Market to Lead Recovery: Edward Glaeser

Jan. 5 (Bloomberg) -- What will the New Year bring for housing markets? Prediction is a perilous business, but history and basic housing economics suggest that price changes will stay modest, and that construction will increase only slowly. The best that can be said about the current market is that it offers abundant affordability and that the broader economic recovery doesn’t depend on a big housing rebound.

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