(Reuters) - The negative consumer view on home prices could drag out
the current U.S. housing slowdown, already exacerbated by the
subprime mortgage crisis. But Curtin noted there were many
people who found the discounted homes appealing, which could
temper the market's decline.
"This growing resistance to the current level of price
discounts on homes will act to prolong but not deepen the slump
in home sales," he said in a statement.
Read more at Reuters.com Economic News
the current U.S. housing slowdown, already exacerbated by the
subprime mortgage crisis. But Curtin noted there were many
people who found the discounted homes appealing, which could
temper the market's decline.
"This growing resistance to the current level of price
discounts on homes will act to prolong but not deepen the slump
in home sales," he said in a statement.
Read more at Reuters.com Economic News
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