“Although we forecast that as many as 7 million foreclosures are likely to occur over the next several years, we believe the pace at which these homes will come to the market will be consistent with current levels. As such, the concerns around the negative impacts of rising inventory levels are overdone.”
– David Goldberg, a home-building analyst with UBS, quoted on the Wall Street Journal’s Developments blog. Goldberg expects a housing recovery to begin in 2010 and gives 10 predictions for the coming year.
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