Industry NewsMarkets & Economy

Home-price slump won’t end soon

Economists: New wave of foreclosures to dampen home values
Published on Apr 14, 2010

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by CareyBot

Those expecting a rapid economic recovery this year are in for a big letdown, according to an Associated Press survey of 44 prominent economists.

Those anxiously watched indicators of our nation's economy -- home values and the unemployment rate -- will stay mostly flat through 2011, the economists said. The AP's new quarterly Economy Survey included private, corporate and academic economists, the news organization said.