If you're worried about the housing market, well, it may be even worse than you suspect. Two economists joined "Morning Call" to discuss the possibility that unseen factors may delay a recovery.
Wachovia's Chief Economist John Silvia believes that many supposed sellers throw off housing statistics by putting their homes on the block merely "to find out what's going on" --then withdrawing their home from the market after learning the hard facts of disappointing demand and prices.
Silvia also pointed to regulators "getting tough" on high-risk subprime lenders, adding weight to the correction in the mortgage market -- and one of several stimuli that will prolong housing's return to health.
