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Soft Landing For Real Estate With Job Market Strength

According to Scott Simon, head of Newport Beach-based Pimco�s mortgage team, the U.S. housing market is slowing like a supertanker. All across America prices are going up more slowly, sales are dropping, and the number of homes for sale is rising.

In short, the housing market is slowing under its own weight. But according to Simon, home prices won�t crash. After examining 200 years of housing cycles, the bond firm�s research shows that �housing bubbles only burst when there is a lot of unemployment.� And jobs are rising, not dropping, so a crash is unlikely.