Downturn needs more time

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Mark Fleming, chief economist at First American Core Logic, gives a reading on where we are in this housing cycle. In this January 2008 interview, Fleming says foreclosure trends will signal the first signs of a turnaround, and so far they hadn’t let up. Like many others, Fleming doesn’t see the downturn reversing any time this year.