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Housing market still down

The WSJ's esteemed panel of economists see the housing market cool-down to extend into next year. But as usually happens when polling 48 economists, you can find most any answer you're looking for. More than half of those sampled expect either no change in prices or a decline in 2007. But five economists forecast gains of 5 percent or more. Go figure. On average, the economists said the likelihood of recession was 26 percent, compared with 15 percent last spring.



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Recent stories on LA Observed:
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