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Audio-Miller says worst of housing problems not over yet
Mary Miller, director of fixed income at T. Rowe Price Group Inc., said the worst of the housing crisis is not over and will likely last until the end of 2008.
“It will probably be over toward the end of 2008. That’s when we’ll get some better balance between supply and demand,” said Miller, who was speaking Monday at Reuters Investment Outlook 2008 Summit in New York.
She said the market still has inventory overhang to work through.