Housing market will have ‘worst year in decades,’ analyst says

KB Home (KBH) slashed its full-year revenue outlook after a weak second quarter, highlighting just how sluggish the housing market has become, with existing home sales seeing their worst May since 2009.
Meredith Whitney, CEO of Meredith Whitney Advisory Group, joins Morning Brief to discuss why she expects the housing market to keep weakening through the rest of the year.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/series/morning-brief/
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