No End In Sight For Housing Slump

forbes.com — Even after U.S. Treasury Secretary Henry Paulson placed government-sponsored enterprises Fannie Mae and Freddie Mac under federal "conservatorship" on Sunday, the outlook for U.S. housing prices is poor. Unsold home inventories remain at record levels, and foreclosures are increasing at an alarming pace. There is little sign of stabilization in the housing market. Several factors suggest that housing prices are likely to continue falling into 2009.