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Moody’s Economy.com forecasts that defaults won’t peak until 2008 due to ARM resets and falling home prices.

NEW YORK (CNNMoney.com) — The already poor performance of many mortgage loans will worsen substantially through the rest of the year, according to an analysis released Thursday by Moody’s Economy.com.

Read the rest at CNN Money

Realtors’ latest forecast pushes back price recovery to 2nd quarter 2008; sales forecasts falls further.

NEW YORK (CNNMoney.com) — The slump in home sales and prices will be deeper and last longer than previously expected, according to the latest forecast Wednesday by the National Association of Realtors.

Read the rest at CNN Money