The US housing market will experience a second recession, forcing banks to post additional loan-loss reserves, analyst Meredith Whitney said. “Most investors are not baking in a double-dip in housing,” said Whitney, founder of New York-based Meredith Whitney Advisory Group.
Whitney says she sees ‘double dip’ in housing market
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Pending home sales post a modest gain in March: NAR
Pending home sales increased by 3.4% from February to March despite rising mortgage rates, the National Association of Realtors reported.
