U.S. housing market meltdown not over yet: Zandi | Reuters
"The housing crash is not over," he said.
The U.S. housing market has suffered the worst downturn since the Great Depression, and its impact has rippled through the recession-hit economy as well as the rest of the world.
A setback for the hard-hit housing market could portend problems for the U.S. economy.
Home prices, as measured by the Standard & Poor's/Case-Shiller U.S. National Home Price Index, will trough in the third quarter of 2010 after declining 38 percent, Zandi said.
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