All Commentary
Friday, April 13, 2012

Economists See Bottom of Housing Market


“The relentless decline in home prices is nearing an end and prices should rise for the first time in seven years in 2013, but a possible new wave of foreclosures could threaten the recovery, according a Reuters poll of economists” (Reuters)

What’s the value of a poll of economists’ predictions?

FEE Timely Classic
“Economic Forecasting: How Good Is It?” by Henry Hazlitt