Stacie Hartman

The Mortgage Blog of Stacie Hartman

Economists Say The Worst Is Over

Economists polled by Reuters say the housing market should avoid another major downturn, though they expect continuing high unemployment and foreclosures to keep home prices relatively flat through 2011. David Wyss, chief economist at Standard & Poor’s, expects prices to be down through the first quarter of next year but feels the worst is over. Still, it could be five years before the market sees price peaks anywhere near those at the height of the housing bubble. Despite the favorable forecast, a recent NBC News/Wall Street Journal poll shows rising public pessimism about the economy. Nearly two-thirds of Americans said they believe things will get worse before they get better, up from 53 percent in January. More here.


Filed under: Uncategorized, , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: