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Housing Bottom Sighted by Some Economists

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Mortgage Professional America | 27 Apr 2012, 10:35 AM Agree 0
Mark Davis, chief economist at Moody's Analytics, believes that the worst may be over for the troubled housing market in the United States. He is not alone in this sentiment: a senior economist at Bank of America also thinks that home prices will finally stop the vertiginous path of descent they have been on over the last few years, and the Chief Economist at Zillow believes the trough is near.
  • Stan Brody | | 29 Apr 2012, 11:46 PM Agree 0
    There not will be any "bottoming" out until a proper, across the board Mark-To-Market
    mortgage modification program is implemented... a program incorporating mortgages write do
    to FMV, combined with tax credit/treasury cash along with aided homeowners waiving
    the mortgage interest write off and resetting real estate taxes to the 2006 level.
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