The year is half-over. It's an opportune time to take stock of analyst predictions made at the start of the year, and to recognize that the "experts" can be wrong as often as they are right.
For as much experience and authority an expert brings to the conversation, though, nobody can....
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Sometimes it seems the economists are just like the weather professionals....it's a daily guess!
Just like there's a 50% chance of rain, there's a 50% chance of rates going up or down. Fortunately the weatherpersons get paid, even when they're wrong. Unfortunately the same isn't always true for those of us in the mortgage industry.
I gave up speculating and just give people my observations of what is going on right this instant. The Central Florida market is doing much better than it was a year ago though.
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