Economic Forecasters: Housing Market Has Reached Bottom

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posted by: Mark Bradshaw - email

Nearly seven years after the housing bubble burst, most indexes show housing
prices are moving up. A Wall Street Journal survey of forecasters found 44
believe the housing market has reached its bottom - with only three saying
it hasn't.

The biggest threat to prices is the large inventory of homes - such as homes that will be foreclosed on and those already owned by lenders. Government efforts had delayed foreclosures for a while, but now a flood of these homes could reverse the recent rise in prices.

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Economic Forecasters: Housing Market Has Reached Bottom - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

Economic Forecasters: Housing Market Has Reached Bottom

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