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Housing Market Little Improved

WASHINGTON -- As housing officials hoped they'd finally seen the bottom of the housing market, things seemed to grow ever worse as available home prices declined steeply and inventory rose.

By Staff Writer | Updated on June 10, 2008

WASHINGTON — As housing officials hoped they’d finally seen the bottom of the housing market, things seemed to grow ever worse as available home prices declined steeply and inventory rose.

Mark Zandi, chief economist at Moody’s Economy.com. said “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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