Economists: More foreclosures, falling home prices and sales may usher in recession next year

The head of one of the nation?s largest homebuilders made headlines early this year by bucking his industry peers? projections of a housing turnaround by spring and instead predicting the market would ?suck, all 12 months of the calendar year.? Boy did he get it right. The housing market has gone from a ?correction? to a ?slump,? and as 2007 comes to a close, there are signs 2008 will get worse.
From: www.naplesnews.com