housing slump: WHEN WILL HOME VALUES STOP DECREASING ??? - 12/01/08 12:37 PM
When will home values stop DECREASING?
Economists at the semi-annual National Association of Home Builders forecast conference are saying not soon, but that the end is in sight. The consensus says that home prices will bottom out as early as the middle of next year.
The latest conference was downbeat, but with a glimmer of hope-many of the economists seemed optimistic that the government's bailout plan, which includes buying toxic mortgage debt, will lead to housing's recovery. More affordable prices, pent-up demand, incentives on new homes, fewer housing starts and expected declines in interest rates for fixed-rate mortgages also should help ease the crisis.
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Alicia Lagarde-Craig

Realtor, New Orleans, LA

New Orleans, LA

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Keller Williams Realty New Orleans

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