Industry News

Forecast: Real estate will be economic drag in ’07

UBS report expects Fed to cut funds rate back to 4%
Published on Dec 4, 2006

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by CareyBot

A correction in the U.S. real estate market “has materialized and is now beginning to seriously impact the overall economy,” according to a report released today by UBS, a global financial firm. The “UBS Global Outlook” report also states, “We ...