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Uneven housing forecast for next year

The housing market recovery is driven by an improving industry and credit fundamentals, which will continue through 2013, according to Barclays Securitized Products Research.

However, there are major concerns including the fiscal cliff and shadow inventory.

The fiscal cliff has the potential of knocking the market back onto unstable grounds, which could lead investors to shed risk and pullback on risk-premium tightening. Read more…

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