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Thread summary:

Mortgage rates, housing crisis, Merrill Lynch expects housing prices to fall 15%, National Association of Realtors predicts housing prices to increase

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Old 01-25-2008, 05:05 PM
 
523 posts, read 1,420,695 times
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Quote:
Originally Posted by Zack View Post
I'm not sure how much advice on housing forecasts I'd take from a financial company that's about to write down $15B due to their forecasting. These are the big losers when it comes to investing; they can't see a top and think everything will keep going up, but then when things start going bad they panic and sell at fire-sale prices without any evaluation. It's an investment strategy that gets one slaughtered on both ends.
Should we look to the National Association of Realtors for their forecast? Talk about biased advice... They are nothing more than cheerleaders.

I tend to think that Merrill Lynch has finally gone from the denial to the acceptance stage.
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