David Seiders, chief economist for the National Association of Home Builders, said he agrees with what he called an emerging consensus about the housing market: that median U.S. housing prices will drop by 10 to 15 percent from a peak in 2005 to its eventual bottom.
“We’re coming off what had really been an over-exuberant housing boom,” Seiders said in a conference call with reporter
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source: realtytimes.com
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