Can it be?  Looks like the economists called the present market conditions correctly over a year ago.

Check out this excerpt from a recent Baylor University study:

“The center surveyed 840 members of the American Economic Association. Their predictions today provide some assurance to potential buyers that the housing market should stabilize during 2009, with price declines ending, sales slowly rebounding and mortgage interest rates staying relatively level in both the near- and longer-terms.

Despite a dramatic decline in home prices during the past two years, nearly 75 percent of the economists surveyed expect the market to bottom out no later than end of this year. Just under half of the respondents expect the bottom to be reached by the end of the second quarter of 2009.”

And it appears that the early signals support the economists’ consensus.

Read the complete article here:
http://www.newswise.com/articles/view/552627/