Chief economist for Moody's.com, Mark Zandi selected the approximate date of December 15, 2009 as the predicted date of the official end to the market decline. Other market observers opted to not be so exact in the selection of a date; however were generally in agreement that the current efforts being put forth by the government to stabilize the markets would show a solid impact by the end of the year, or the first quarter of 2010.
A decline in remodeling expenditures was also predicted. The executive director at the Harvard University Joint Center for Housing Studies, made the prediction that there would be over a 12% decline in remodels by the end of 2009 compared to 2008 figures.
The prediction of that the credit crisis would loosen up was also made, however those with tarnished credit reports would probably continue to have difficulty obtaining credit.
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