Housing forecast by Mortgage Bankers Assoc Chief Economist
Courtesy of MarketWatch, the housing forecast for 2008-2009 by Doug Duncan, chief economist for the Mortgage Bankers Association (MBA) is not pie in the sky like the typical prognostications of Larry Yun, the yuckster who is the chief economist for the National Association of Realtors (NAR).
The MBA forecasts a dip to stability this year followed by an uptick in 2009 and is similar to my forecast for the Charleston South Carolina real estate market.
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