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

http://calculatedrisk.blogspot.com/2006/...

Submitted by Ex-SD on December 2, 2007 - 6:39pm.

And he would be absolutely correct. :)

Submitted by sandiego on December 2, 2007 - 7:08pm.

This article is from Thursday, May 04, 2006.

Submitted by markzuber on December 2, 2007 - 7:43pm.

The video is from Nov 30 2007. View the video.

Submitted by markzuber on December 2, 2007 - 7:56pm.

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.

Submitted by Eugene on December 2, 2007 - 7:50pm.

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/...

Submitted by pnilesh on December 2, 2007 - 8:00pm.

Is Thornberg in denial? Probably he purchased his mansion using a subprime loan.

Submitted by sandiego on December 2, 2007 - 8:13pm.

Chris Thornberg isn't at UCLA anymore.

Submitted by jeeman on December 3, 2007 - 11:25am.

Good thing the bottom was last May....

http://www.signonsandiego.com/uniontrib/...

Jeeman