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US housing market problems are ‘manageable’ economist says

Posted on 12 October 2011

Mark ZandiThe U.S. housing market may begin to stabilize after another year or two as the mortgage finance industry works through oversupply from past building and the current foreclosure crisis, a leading economist said Tuesday.
Mark Zandi, chief economist at Moody’s Analytics who has been consulted by Congress, told mortgage bankers gathered for an industry conference in Chicago that tweaks, not necessarily a major new program, will be enough to help arrest the price declines that have been sapping confidence and keeping buyers away……………………………………….Full Article: Source


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