CHICAGO (MarketWatch) — The housing slump, already shaping up to be the worst in a generation, still hasn’t run its full course, according to Harvard University’s annual report on housing, released on Monday.And if job losses accelerate in coming months, it could take even longer for local markets to regain their footing, said Nicolas P. Retsinas, director of the university’s Joint Center for Housing Studies. Job losses could be “the last shoe to drop, but a pretty heavy shoe,” he said in a telephone interview.
» Housing slump rivals deepest slowdowns in 60-plus years: Report – Market Watch – 24th June 2008.