Housing Bubble Likely to Deflate Slowly

"...are fears of a housing market meltdown exaggerated? That's the conclusion of a new study by Harvard University's influential Joint Center for Housing Studies. In its annual State of the Nation's Housing report released June 13, researchers took a more sanguine view of the outlook for the real estate market than the growing number of bears predicting that overheated markets like New York, Washington, and South Florida could see a 20 percent to 30 percent price decline in coming years. "

Read the full MSNBC article here: http://msnbc.msn.com/id/13346351/