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When will the US House Prices Rebound Up?
rachel ( Score Rank: User did not make predictions in the last 30 days ) rachel  |  closed on 01-Jul-2008 (104 days ago)
A BW article (http://www.businessweek.c...) claims that our home prices could drop 25% more on average before the market finally hits bottom. Perhaps it is a bit early to predict rebound. The time it rebounds also signals the time it hits the lowest. Let us see further than normal buyers or investors.
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Comments (3)
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  1. cialis cialis 249 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 60% ] Q1-Q2 2009
    (more)
    Definitely not this year. At least after Q1-2, 2009 if the Democrat win the election.
    [ reply ]
  2. Wallace Wallace 256 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 80% ] Q1-Q2 2009
    (more)
    I won't keep my hope high until at least 2009. The US recession is going to last at least 2 years. And it will slow down the recovery of the real estate market.
    [ reply ]
  3. rachel rachel 256 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 52% ] Q1-Q2 2009
    (more)
    The BR article stated:

    While a 25% decline is unprecedented in modern times, some economists are beginning to talk about it. "We now see potential for another 25% to 30% downside over the next two years," says David A. Rosenberg, North American economist for Merrill Lynch (MER), who until recently had expected a much smaller slide.

    but it think it should start recover after the presidential election ... what do u think?
    [ reply ]
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