Industry NewsMarkets & Economy

Hard-hit states key to housing rebound

Expert: 'Collateral damage is amazing'
Published on May 14, 2009

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by CareyBot

WASHINGTON -- Prominent real estate and policy experts sounded unanimous yet guarded optimism during a session this week at the National Association of Realtors annual midyear conference.

The states now in deepest trouble -- notably Florida, Nevada and California, which led the collapse -- may yet lead the nation's housing market back to prosperity, according to some members of the 16-member panel that was featured during a Real Estate Summit on Tuesday here at the Marriott Wardman Park Hotel.