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Jonathan Sweet - Remodeling Notes


Jay Sweet
As senior editor of Professional Remodeler, a lot of information crosses my desk. This blog will be a chance to share some of that with you, with an immediacy not possible with a monthly magazine. It's also your chance to tell me what you think about what I have to say. Whether you agree or disagree, I hope you won't be shy.

Wednesday, March 12, 2008

Freddie Mac CEO says prices have a ways to go

Mar 12 2008 3:06PM | Permalink | Email this | Comments (0) |
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On a conference call today, Freddie Mac CEO Richard Syron said he thinks prices have only dropped a third of the amount they will before the end of the current housing crash. (Read the full article here.) 

At the same time, he's predicting the total drop will be 15 percent, meaning he thinks prices have only dropped 5 percent, which seems at odds with most industry reports. So I'm not sure which is worse -- that he thinks they're going to keep dropping or he's so out of it he doesn't realize how much they've already dropped.

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