We haven't hit bottom yet:
"Zandi estimates that 2.4 million homes will find their way into foreclosure next year. He expects banks to start putting those properties on the market more aggressively during the first half of the year, resulting in a flood of cut-rate inventory that will drag prices down."
This year the housing market showed signs of life. But with foreclosures and unemployment climbing, prices have further to fall.
By Beth Kowitt
December 9, 2009 | CNN-Fortune
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