Economists May Have Blundered On Housing Forecast
SOURCE: CNN Money
Should we trust the experts predictions for a turn around in 2008?
Some of the nation's top economists felt that the mortgage market was going to begin a recovery in 2007. Boy, were they wrong. Not only didn't that occur, there have been record declines in every measure associated with the real estate market.
Even some of the big names, like Alan Greenspan the former Chairman of the Federal Reserve and his successor Ben Bernanke made predictions that were considerably off the mark. Economists are trying again this year to look into the future and have made some less than optimistic predictions for 2008.
Read full report »
Should we trust the experts predictions for a turn around in 2008?
Some of the nation's top economists felt that the mortgage market was going to begin a recovery in 2007. Boy, were they wrong. Not only didn't that occur, there have been record declines in every measure associated with the real estate market.
Even some of the big names, like Alan Greenspan the former Chairman of the Federal Reserve and his successor Ben Bernanke made predictions that were considerably off the mark. Economists are trying again this year to look into the future and have made some less than optimistic predictions for 2008.
Read full report »
Steelhead Residential Funding is a mortgage brokerage in California (CA Dept. of Real Estate - Real Estate Broker #01400712) and Hawaii (Dept of Commerce and Consumer Affairs #MB 1264). Information provided by you to Steelhead Residential Funding through this website shall not be considered an application for a mortgage loan. An Equal Housing Lender. Steelhead Residential Funding is an independent company under the guidance of Steelhead Capital, Inc. Purchase and financing advice are offered as part of the full service nature of the lending process, however neither Steelhead Capital or its affiliates are responsible for investment decisions. No guarantees are offered or implied to visitors of this website. Thank you for your interest in working with a professional mortgage broker from Steelhead Residential.