'Soft landing' for housing 'no longer in the cards' 

The housing market downturn looks rougher than the soft landing housing analysts had been expecting, but some economists are saying the downswing will unlikely lead the economy into recession.

Historically low interest rates, an overall economy that is still pushing forward, and efforts by the nation's home builders to control their unsold inventories will keep the real estate slowdown from causing a recession, according to economists participating in a teleconference last week hosted by the National Association of Home Builders trade group.

NAHB Chief Economist David Seiders

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