Friday, March 28, 2008

Freddie Mac: No housing market rebound until 2010

(Calculated Risk) From Kevin Hall at McClatchy Newspapers: Home prices may not rebound till 2010 (hat tip John)

U.S. home prices are unlikely to recover until at least 2010, [Frank Nothaft, the chief economist for government-sponsored mortgage buyer Freddie Mac] said Thursday, adding that home building this year is likely to post its worst year in five decades.
Check out Nothaft's presentation: The Mortgage and Housing Market Outlook - all kinds of interesting data and charts.

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