Author: Sol Nasisi on August 12, 2008 - modified on October 11, 2018
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.
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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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