Currently viewing the tag: "Housing Bottom"
Robert Shiller believes housing could fall another 10-25% before we finally reach a bottom. Housing nationwide is back to its March 2003 levels. Since this situation was so unique, it’s impossible to forecast the future with any certainty. Data from 1890 to 1990 shows that housing costs were about the same during this span in [...]
Barry Ritholtz cites the following reasons why we are nowhere near the bottom in housing:
23% of Borrowers are still under water Current home sales statistics are seasonally adjusted Tax credits artificially prop up the market Cheap condos / co-ops consist of an unusually large portion of sales Most of the current sales [...]
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