Asked by Tim And Julie Harris, Las Vegas, NV • Tue May 27, 2008
Further evidence that the real estate markets will be down for some time to come.
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The chief executive of Fannie Mae said on Tuesday that he expects no real recovery for the U.S. housing market before 2010.
â€œWe are going to have a period where we move through the trough,â€ Daniel Mudd, Fannie Maeâ€™s chief executive officer.
This year â€œis going to be toughâ€ and next year â€œwill be similar,â€ Mudd told the Society of American Business Editors and Writers.
â€œYou will start to see some recovery in (2010),â€ he said.
What Do You Think..when will we see any recovery?
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