Boston's Federal Reserve President Eric Rosengren said in a speech in Hartford that the current real estate downturn could be the longest one in the last 50 years, and risk pushing the country into a recession.

Most economists now expect housing to keep sliding into 2009. Last year, economists and forecasters were predicting a quick rebound. Yeah, they were right.

 

Submitted: Jan 9, 2008    Views: 237    Comments: 0    Likes: 1   


View Article: http://www.boston.com/realestate/news/articles/2008/01/09/forecaste...


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