21 November 2006

Is the worst over for the housing bust?

Economists say 'yes' in new wsj.com survey but their views on home prices vary wildly.

While 20 economists predicted home prices would rise next year, 24 forecast a decline. Just eight of the economists forecast gains greater than 2.1%, which is their average forecast for consumer-price inflation through mid-2007. The Ofheo index, which is closely watched by economists, has never posted a year-to-year decline.

Click here for the article

No comments: