Experts thought 2007 would bring a real estate recovery - not the worst collapse on record. So before you put much hope in forecasts for a 2008 rebound in the battered housing market, consider this: A year ago at this time many top economists were looking for that recovery to begin in 2007. CNN’s Money Magazine takes a look at what that says about forecasts of a turnaround next year. Full Story
If interest rates stay low, I think that Home Sales in 2008 will go up (at least in Oregon). Its going to take some time for appreciation, but eventually the market will regain strength.