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
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Real Home Prices and Rents
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OFHEO Purchase Only Price Forecasts
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Home Price Simulations
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