John McDevitt and The State of the Economy – Part 1 (16:06)
November 16, 2006—John McDevitt, former 3M corporate economist now semi-retired, in the first part of a two-part series, looks at the state of today’s economy, the housing market discussing when it will hit bottom and answering the question; Has the housing bubble indeed burst? McDevitt shares his forecast for the housing market for 2006 and 2007, discussing the remodeling and the commercial construction markets.