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MA Housing Forecast

A new forecast predicts home prices in the Boston area will decline another 8 percent before beginning to rebound in the middle of next year.

Analysts had previously predicted the state's housing market would turn around in 2008.

Some local analysts are still hopeful a rebound will come sooner.

A Boston Federal Reserve economist told a realtors meeting yesterday in Cambridge the region could see a recovery late this year before the rest of the country.

This program aired on March 4, 2008. The audio for this program is not available.

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