housing crisis: Housing Crisis Ending in 2012 According to Predictions - 02/24/12 03:59 AM
 According to recent reports, Capital Economics expects the housing crisis to end this year. Their main line of reasoning: banks loosening credit requirements.  
Capital Economics notes that the average credit score required to obtain a mortgage loan is currently 700. This is definitely higher than the scores that were required prior to the housing crisis, but it is consistent with the requirements one year ago.
Other indicators in the market refer to not only this stabilization that is being seen in current lending standards, but also to banks loosening their credit requirements, creating greater availability of funds to lend.
Currently, banks are … (0 comments)