Wednesday, December 27, 2006

How bad will the 2007 housing market be?

Everyone's wondering it, and Business Week attempts to answer it an an insightful article.

The news magazine asked economists at leading real estate research firms to provide their outlooks for the housing market in 2007. They concluded that:
  • interest rates will remain at historically low levels
  • homebuyers will see more opportunities, and,
  • best of all (for those planning for the long term), 2009 could be primed for a comeback

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