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Experts predict when the housing market will recover
Despite a move in mid-September by the Federal Reserve Board to lower its Federal Funds Target Rate from 5.25 percent to 4.75 percent in an attempt to force interest rates down and home buying activity up, it is now clear that the housing correction still has a long way to go before it peters out. So says former Fed Chairman Alan Greenspan, NAHB Chief Economist Dave Seiders, and Center for American Progress Senior Fellow Christian Weller, as well as a host of other economists and interested observers who sounded off on the housing market's health in the national press during the lead up to the Fed's big Sept. 18 rate-cut announcement.
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