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Housing Market Sure to Double-Dip: Whitney


               
2010 Mar 16, 3:31am   23,923 views  90 comments

by Vicente   follow (1)  

Meredith Whitney interview with video linked below.

The US housing market will face another retreat while mortgage-backed securities and Treasurys are likely to go through a "material" correction, Meredith Whitney, CEO of Meredith Whitney Advisory Group, told CNBC Tuesday.

"The housing market surely will double dip," Whitney told "Worldwide Exchange."

Government programs to support housing have been "murky" and when the modifications caused by them come to an end, a lot of supply may come to the market and that's when the real-estate market is likely to go down, she explained.

Housing Market Sure to Double-Dip: Whitney (CNBC)

#housing

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1   justme   @   2010 Mar 16, 3:32am  

That's right. Extend and pretend is not going to work indefinitely. There will be another dip.

2   jordi_jorda   @   2010 Mar 16, 4:04am  

The market will stabilize now, if not now soon, all these things the goverment is doing will create inflation, everything will go up, if houses don't go up at least they will not fall as deep as without inflation

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