Market likely to rebound in 2012
June 22, 2009 01:00PMAccording to Business Week, three years should be enough to recover from the housing crisis, with the market rebounding in 2012. David Wyss, Standard & Poor's chief economist, said, "We expect prices to drop for another year and then stabilize before starting to rise with incomes." Based on the National Association of Realtors national median home price of $180,000 for the fourth quarter of 2008, the median price for the end of 2009 is expected to be $152,000, and then rebound to $179,000 by the end of 2012. [Business Week via MSNBC]
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Comments
Anonymous
You know what happenss when we ASS-U-ME.
Comment #1 Posted By: Anonymous 06/22/09
Anonymous
Wait a minute, three more years of REBNY dues? I don't think so.
Comment #2 Posted By: Anonymous 06/23/09