22.06.2011 - Housing market predictions: Will economists ever learn?
It's a favorite game of economists and housing market watchers. When your prediction of a housing rebound falls flat, just push off that rosy estimate until the next year. Just take a look at Fannie Mae's revised forecast for home sales across the country. Faced with a sluggish economy and a housing market headed south, Fannie Mae has revised downward its prediction of a 6 percent jump in overall home sales this year..............................................Full Article: Source
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