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Housing Market Worsens

WASHINGTON -- Just when some pundits and housing experts were claiming to see the bottom of the housing market, signs keep pointing downward, with available home prices declining steeply and inventory rising.

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WASHINGTON — Just when some pundits and housing experts were claiming to see the bottom of the housing market, signs keep pointing downward, with available home prices declining steeply and inventory rising.

Mark Zandi, chief economist at Moody’s Economy.com. said “This is going to be another difficult spring. I think we are at the beginning of the end of the housing downturn, but it is going to be a long and painful end.”

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