Summit Notebook

Exclusive outtakes from industry leaders

Audio – Mortgage Bankers Association sees housing market bottom by early 08

June 27, 2007

The housing market could hit bottom by early 2008, Mortgage Bankers Association Chairman John Robbins told the Reuters Global Real Estate Summit.

Historically, housing downturns last between 24 and 30 months, and this one started on July of 2005, which means an end might be in sight, Robbins said.

Click here to hear Robbins on when the cloud over U.S. housing might lift.

 

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