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Silverlining

I admit it’s getting better
It’s a little better all the time yes
I admit it’s getting better
                 The Beatles

A Freddie Mac economist, Fred Nothaft told a crowd of Realtors in Anaheim that the end of the real estate slump will be sooner than later. He told the California Assoc. of Realtors crowd in Anaheim:

“We’ve got a good 6 to 12 months before we hit that trough in the housing market stats.” with a recovery in in 2 to 3 years.

Jack Kyser, chief economist for the Los Angeles County Economic Development Corp., said we may see a recovery starting in early 2009, or just 14 or 15 months from now.