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Thursday, March 27, 2008

Freddie Mac Economist: No Housing Price Rebound Until 2010

by Calculated Risk on 3/27/2008 10:57:00 PM

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.