Mark Zandi, Chief Economist of Moody’s Analytics
The Walker Webcast
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The Net Net of a Housing Recession
Until we get this affordability issue, taking care of in housing is a supply issue. And supplies are being constrained for lots of different reasons. New home sales have held up better because builders have effectively cut price. I don't expect big price declines. But if you told me peak control prices are down five, six, seven, eight percent over the next two or three years nationwide, that sounds about right to me"
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