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Zandi: 20 Percent Drop in Home Prices Likely, as Recession is a Reality
Feb 20, 2008In a significantly more bearish turn, Moody’s Economy.com chief economist Mark Zandi said Wednesday that a U.S. recession will lead to a 20 percent peak-to-trough drop in home prices, according to coverage provided by Reuters. Zandi had previously forecast a drop of 13 percent last December. In remarks at a Reuters-sponsored housing summit in New York, Zandi said he now suspects the U.S. is already experiencing the start of a recession:
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Ohio AG Eyeing Fannie Mae, Will Expand Mortgage Probe
Feb 20, 2008 -
OCC’s Dugan: NY Governor ‘Wrong’ on Predatory Lenders
Feb 18, 2008 -
Spitzer: Federal Preemption Policy Drove Rise in Predatory Lending
Feb 14, 2008 -
Prices in 19 of 22 Major Housing Markets Fell During January
Feb 08, 2008 -
Bear Stearns Makes $1 Billion Bet on Continued Subprime Woes
Feb 08, 2008 -
OFHEO To Publish Monthly Housing Price Index
Feb 08, 2008 -
Loss Mitigation Lacking for Seriously Delinquent Borrowers: State Bank Supervisors
Feb 07, 2008 -
Bank CEO Calls for Federal Guarantee on Troubled Subprime Mortgages
Feb 06, 2008
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