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State O' The Market

Captain Longbottom reporting for duty. That's just what we're going to call the housing market for the next year or two. There's a new article over on the Wall Street Journal about how we've pretty much hit bottom and are going to stay there for a while. Our blog friend Jonathan Miller discusses the foreclosure segment of the market and says, "If you remove the distress, you're looking at housing prices not falling much further." [WSJ]