Quote: No matter how long the winter…

…spring is sure to follow. Which spring, of course, is up for debate.

I believe that in a country that continues to grow and where the population continues to grow, we will see the first signs of equilibrium in the housing market in the spring of 2009 and I will expect by spring 2010 the housing market in the U.S. will look a lot better.

– Sam Zell, to an Israeli business conference on Sunday.

I think starts have already pretty much bottomed out…I think the housing market this spring will begin its recovery phase.

– Sam Zell, on CNBC last winter.

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