"Lord, give me a one handed economist. - Harry Truman

Local economist Mark Dotzour thinks it might continue like this until mid 2014.

It summarizes the report written by economist William Yu in his column in L.A Times.Yu found out that based on records the current trend of home pricing is consistent with the historical norms.According to Yu, if one uses history as a guide, the cycle of housing prices in Los Angeles always lasts on average of about 12 years.

Economist ran a "leader" (short opening article) on this topic last week:It is not just Detroit.

." -- Henry Kissinger, in The Economist

I mean all they have to do is say "Hey do you want lower rent"  Sounds so simple, but it's really devastating to the economy and communities. http://www.economist.com/blogs/economist-explains/...

Many people as starting to say that we have reached the bottom, and even the conservative economists like Karl Case, the co-creator of the S&P Case Shiller Home Price Index recently said, “I would bet even odds that we’re at a bottom and that we are going to see improvement in the coming monthsâ€.

Of course, there are no guarantees that mortgage rates will come down, but most economists agree that post Fed rate hikes - the economy slows, inflation comes down - and mortgage rates historically come down as well.

I've been told that I can address a conference of Attorneys and Economists at 9:00AM and sound like one of them, and address a group of car mechanics at 10:00AM and sound like one of them.

Friday’s disappointing jobs report surprised analysts, many of whom had expected job creation to rebound from a slump in May. “Any way you cut this data, it’s lousy,†Diane Swonk, a senior managing director and chief economist for Chicago-based Mesirow Financial, told CNBC Friday.