Underwriting

Report Forecasts Housing Recovery — in 2008 

While most analysts and economists are predicting a shallow recession in 2008 and a housing downturn that will last into 2010, a report released on Friday said that the housing bubble “has now fully deflated.” That’s according to SMR Research Corp., who is predicting a mild housing recovery this year. The recovery is likely to be gradual, according to a report published by the company, with housing prices merely firming up or increasing slightly during 2008.