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Housing crash not quite over: economist

September 01, 2010 04:00PM



While home prices were up nationwide in the second quarter of the year, economist Mark Zandi of Moody’s Economy.com said we’re not quite through with the housing crash. We’ve got another 5 percent or so to go on house prices,” he said in the in the CBS Money Watch video above. Yale economist Robert Shiller noted that instead of focusing on the housing market, the country should be more concerned with creating jobs. “If we create jobs, I think that the mood of the country will change,” he said.