Tag Archives: cliff rossi

Fiscal Cliff, Slow Progress Darken Housing Forecast: UMD Expert

COLLEGE PARK, Md. – After its greatest collapse in 80 years, the housing market appears to be bottoming out with stabilizing home prices and many markets experiencing price gains. Still, “it may be premature to call this a ‘real recovery,’” says Cliff Rossi, Tyser Teaching Fellow and executive-in-residence for the University of Maryland’s Robert H. Smith School of Business. “Looking into 2013, the ‘fiscal cliff,’ regulatory reform and other factors could put a drag on markets through the year.”

Despite historically low interest rates, potential buyers face a lot of questions before jumping in on what is their largest investment. For sellers, conditions continue to build on 2012’s nascent recovery. But will credit be readily available for first-time and repeat homebuyers? Will there be additional efforts to help struggling homeowners under water on an existing mortgage? (more…)

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2012 Economic Forecast from UMD Business Faculty

COLLEGE PARK, Md. – A weak housing market, tight credit for small businesses, no significant growth in the banking sector, anemic consumer spending, and modest sales for retailers – that’s the outlook for 2012 according to experts at the University of Maryland’s Robert H. Smith School of Business.

“Several important dynamics frame the 2012 economic outlook,” says Cliff Rossi, Tyser Teacher Fellow and executive-in-residence. These factors include:

  • Massive financial leveraging across the board by sovereign countries, state and local governments, banks, businesses, and individuals;
  • Fear and uncertainty among consumers and investors, despite faint signs of optimism at times;
  • Political self-interest and brinksmanship increasingly interfering with effective policy making. (more…)

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