A surprising amount of resiliency exists in terms of housing demand but the supply imbalance will likely persist for another couple years, the chief investment officer of Goldman Sachs' private wealth management unit said Thursday. ''Our view is that it's going to take another two years'' to clear excess housing inventory, Sharmin Mossavar Rahmani told attendees at New York University capital markets conference. She said despite the ''terrible experience'' with residential investment, people still value homeownership.
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