Predictions - 2003-04-01
A judgement of any great magazine is its willingness to present a vision of the future through the eyes of its industry and its editorial staff. For 25 years, we've reported and made predictions regarding every facet of the housing industry.
[outcome] Old-timers still get woozy and feverish when they think about the recession of the early '80s, when starts dipped to a record-low 1.062 million (and only 662,000 single-family), while 30-year fixed-mortgage interest rates peaked at 16.63 percent.
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