Is the Housing Boom Finally Over?

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In California, much of the economy will improve, but the blistering hot housing market is about to cool down. Construction workers, realtors and mortgage brokers are in for hard times according to UCLA---s latest Anderson Forecast. It says a downward trend in the housing market is under way and the "only debate" is how hard the landing will be. What about home-owners who---ve refinanced their homes with adjustable loans?
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Credits

Host:
Warren Olney

Producer:
Frances Anderton