Report: US housing slump a prelude to recession: "NEW YORK (AP) - A bottom to the housing slump is nowhere in sight and, if history is any guide, a recession is mostly likely lurking around the corner, an academic study showed Monday.
Harvard University's Joint Center for Housing Studies painted a bleak picture of the current housing downturn, pegging it as possibly being 'the worst in a generation' in its 'The State of the Nation's Housing 2008' report."
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That good news just keeps on coming. How about that part about the bottom of the housing slump being "nowhere in sight"?
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