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Housing Has Plenty of Room to Build

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.

Jeremy Glaser: For Morningstar I'm Jeremy Glaser. What's holding back the real estate market? I'm here today with Bob Johnson, our director of economic analysis, for his take.

Bob, thanks for joining me.