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Phoenix, along with the rest of the United States, is in a housing recession. The housing market stalled in the second quarter of 2006 and created chaos. However, order will rise out of this chaos. Consumers will lead the recovery and dictate the time at which they are again comfortable with the market and begin buying. The reality of the present housing market overshadows the expectations of population growth, higher density and fully integrated mixed-use communities. In the near term, shortsighted economic decisions will be made to...