UPDATE: How much did subprime loans fuel the GDP boom?
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UPDATE: 5 celebrity money mistakes we can all learn from
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Just as the economic outlook was not as rosy as perceived a few months ago, it's not as dire as the data suggested this week, writes Morningstar's Bob Johnson.
The sentiment pendulum has swung too far in the negative direction on housing.
Plus, Harrah's bet a winner for Schoelzel and Ehlers, and real estate funds post strong returns.
Fair Isaac struggled in 2006, but it remains a solid business.
Long-term statistics suggest the housing market will improve, but credit conditions, inventories, and affordability are holding back real estate, says Morningstar's Bob Johnson.