Mortgage markets, inflation hamper recovery
No telling when housing markets will turn, say experts
By Matt Carter, Monday, July 28, 2008.
SAN FRANCISCO -- Call it the trillion dollar question: When will housing markets turn?
Experts like PIMCO managing director Bill Gross say that when all is said and done, the lending and finance industry could tally up $1 trillion in cumulative losses in the housing downturn.
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