« Double Bubble: How counterfeit buyer agents inflated the housing bubble | Main | Talking about a (Real Estate) Revolution: Then & Now »
March 16, 2007
No Recession but mortgage defaults will drag housing prices down
NPR just posted this link to Robert Siegel's interview this evening with MIT economist Bill Wheaton: Expert: Mortgage Defaults Won't Key Recession.
Thus far there is no audio online and the transcript is pending. So home sellers should recheck the link above before jumping to an overly optimistic conclusion. At the end of January, Wheaton predicted that Housing prices could decline another 20% in Greater Boston and other markets nationwide, particularly those where housing prices were inflated by subprime lending. So home buyers, no need to rush your offers if housing will be a multiyear economic drag, right?
Bill Wendel | 07:23 PM in Price trends, Real Estate Bubble, Timing the market | Permalink
TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d83451cafc69e200d835763cd069e2
Listed below are links to weblogs that reference No Recession but mortgage defaults will drag housing prices down:
Comments
NOTE: Your email address will not be published on this page with your comment. Followup to your comment will generally appear here. Occassionally the Real Estate Cafe may use your email address to followup with you directly however it is not shared or given to anyone else nor added to a RE Cafe mailing list.
The comments to this entry are closed.
