Foreclosure `Overhang' Slowing Recovery, Meyer Says

Foreclosure `Overhang' Slowing Recovery, Meyer Says Play

Feb. 22 (Bloomberg) -- Michelle Meyer, senior U.S. economist at Bank of America Merrill Lynch, talks about U.S. existing home sales and the outlook for the economy and housing market. Sales of previously owned U.S. homes rose in January to the highest level since May 2010 as investors took advantage of lower prices to buy distressed properties. Meyer speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

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