![]() | ||||||
San Diego Housing Bubble News and Analysis |
||||||
~Navigation~~User login~~RSS~ |
Housing market will decline no matter what happens with interest rates.User Forum Topic
Submitted by markzuber on December 2, 2007 - 4:33pm
Chris Thornberg, senior economist at the UCLA Anderson Forecast, thinks the housing market will decline no matter what happens with interest rates. Click below
|
~Finance and investing~*Investment advisory services and securities offered through Girard Securities, Inc., member SIPC/FINRA. ~Recent articles~~Active forum topics~
Sponsored Links
|
||||
| © 2004-2008 piggington enterprises llc | terms of use | privacy policy | powered by Drupal | ||||||
![]() | ![]() | ![]() | ||||
And he would be absolutely correct. :)
This article is from Thursday, May 04, 2006.
The video is from Nov 30 2007. View the video.
In the video, Thornberg is saying that homeowners who purchased houses in 2006 and 2007 are defaulting on mortgage loans even before interest rates reset. So, freezing rates will not help much.
More good news from UCLA Anderson. The worst is over for San Diego County's housing market. Prices will decline by less than 2 percent through next summer, then start to rebound.
http://www.signonsandiego.com/uniontrib/...
Is Thornberg in denial? Probably he purchased his mansion using a subprime loan.
Chris Thornberg isn't at UCLA anymore.
Good thing the bottom was last May....
http://www.signonsandiego.com/uniontrib/...
Jeeman