Different Models Try to Predict House Price Bottom

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.

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.”

In other words, no one really knows.

Sol Nasisi
Sol Nasisi: Sol Nasisi is the co-founder and a past president of BestCashCow, an online resource for comprehensive bank rate information. In this capacity, he closely followed rate trends for all savings-related and loan products and the impact of rate fluctuations on the economy. He specifically focused on how rates impact consumers' ability to borrow and save. He also has authored a wee

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Comments

  • thedorightman

    August 24, 2008

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

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