Halfway There For Falling Home Prices?

Lower interest rates from the Federal Reserve may be helping some homeowners and buyers, but they’re not doing much to revive the depressed housing market. One key reason: Many potential home buyers are staying on the sidelines because they expect home prices and interest rates to decline even more.
That’s raising home inventories and pushing the time line for a housing turnaround further down the line. Home prices so far have declined only half as much as they ultimately will fall, said economists on a panel at the National Association for Business Economics’ policy conference today.
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Original Source

  3 March, 2008| Economy | @ 23:39

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