National Economists Club

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Housing May Not Recover Until 2010, Freddie’s Top Economist Says

Mar 28, 2008By

Freddie Mac’s top economist said Thursday that he doesn’t expect to see housing rebound from its current downtrend until 2010, according to a report published by McClatchy newspapers. Speaking at the National Economists Club, Frank Nothaft, chief economist at the GSE, offered a bearish take on the current state of housing in most markets nationwide. From the story:

3d rendering of a row of luxury townhouses along a street

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