Different Models Try to Predict House Price Bottom

Article Submitted by: David Walsh
Real Estate


Many different economic models are being used to try and predict the bottom of the housing market. Here's a look at a few of them.

 

Submitted: Aug 11, 2008    Views: 106    Comments: 1    Likes: 1   


The NY Times has in interesting article about the different economic models used to predict the bottom of the housing market.  It goes into a bit of description of each and then ends with this line:

"I try to avoid house price forecasting,” said Paul S. Willen, senior economist and policy adviser at the Federal Reserve Bank of Boston. “Let me just say this, as an economist, that asset pricing is something we’re exceptionally bad at.”

Anotherwords, no one really knows.





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Comments Received:

thedorightman
(Unregistered)

I know! Any way you look at it, we are basically screwed for 10 years.

Posted: Aug 23, 2008



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