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No Housing Bottom in Sight

Lance on Jul 28 2008 at 11:28 pm | Filed under: Housing Market, economy

Thanks to Barry Ritholtz I found this analysis from Vladimir Klyuev at the IMF,  What Goes Up Must Come Down? House Price Dynamics in the United States.

While I have been of the opinion we have a good ways to go, I think these charts are pretty telling. I don’t see anything here to make me suspect a bottom is anywhere close.

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Price Index, Single Family Existing Homes

Price_index_single_family_homes

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Real Home Prices and Rents
Real_home_prices_vs_rents

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OFHEO Purchase Only Price Forecasts
Ofheo_purchaseonly_price

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Home Price Simulations
Home_price_simulations

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