• Search for:

• Recent Posts

  • US Home-Buying Loan Demand Falls for 4th Week
  • Growth Slower Than Thought as Business Spending Slows
  • Commercial Real Estate Vacancies to Peak Near Early 2011
  • Mortgage delinquencies hit 10%
  • Memphis Foreclosure and Delinquency Rates Higher in March
  • Pending Home Sales Rise 5.3 Percent in March
  • US 30-year Mortgage Rates Jump to 8-month High
  • Shelby County Homeowners May Get Mortgage Help
  • Housing Market Surely to Double-Dip: Whitney
  • Mortgage Rates Hold Below the 5 Percent Mark

• Archives

  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007

No light at the end of the tunnel in latest forecast from the Mortgage Bankers Association.

BOSTON (CNNMoney.com) — For those in the real estate industry and for those looking to buy or sell a home, it could take until 2009 to catch a break.

That’s the forecast from Doug Duncan, chief economist for the Mortgage Bankers Association (MBA), who will present his outlook to an auditorium full of real estate professionals on Wednesday morning.

Duncan expects national median home prices to fall between 2 percent and 4 percent both this year and next. Prices will be held back by an oversupply of homes for sale, an increase in foreclosures and continued uncertainty among mortgage investors,

Read the rest at CNN Money

Comments