Industry NewsMarkets & Economy

Mortgage markets, inflation hamper recovery

No telling when housing markets will turn, say experts
Published on Jul 28, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

SAN FRANCISCO -- Call it the trillion dollar question: When will housing markets turn?

Experts like PIMCO managing director Bill Gross say that when all is said and done, the lending and finance industry could tally up $1 trillion in cumulative losses in the housing downturn.

Comments