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Businesses want more signs of recovery before hiring The Atlanta Journal-Constitution Michael E. Kanell Mar 05, 2010
Most economists say recovery hinges largely on housing, but all indications are that real estate’s turn will be slow. National prices will likely decline about 5 percent more in the next year, said Cameron Findlay, chief economist of LendingTree, the Charlotte-based, online finance and mortgage company.
January home sales fall 7.2%, median price unchanged USA Today Alan Zibel Feb 26, 2010
Another question hanging over the housing market this year is whether interest rates will rise, and by how much. The Federal Reserve's $1.25 trillion program to push down mortgage rates is scheduled to expire on March 31.
After that program runs out, mortgage rates should not spike, but rather rise gradually to about 6% over the next year, predicts Cameron Findlay, chief economist at LendingTree.com. That will mean homebuyers may have to reduce their price range, and could put downward pressure on prices.
Housing market shows weakness for 2nd month Kansas City Star Alan Zibel Feb 26, 2010
After that program runs out, mortgage rates should not spike, but rather rise gradually to about 6 percent over the next year, predicts Cameron Findlay, chief economist at LendingTree.com. That will mean homebuyers may have to reduce their price range, and that trend could put downward pressure on prices.
Housing market shows weakness for 2nd month Business Week Alan Zibel Feb 26, 2010
Housing Market Shows Weakness for 2nd Month ABC News Feb 26, 2010
After that program runs out, mortgage rates should not spike, but rather rise gradually to about 6 percent over the next year, predicts Cameron Findlay, chief economist at LendingTree.com.
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