Fitch: Massive House-Price Losses in Non-Conforming Areas to Come
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2008-07-25 — ml-implode.com
"Fitch Ratings, arguably the only rater with their act together other than Egan-Jones, just finished with its ResiLogic enhancements. Its new mortgage loss model will be released today. In it, its new National, State and MSA-level economic and house price forecasting will make their modeling ‘far more predictive and forward-looking.’ That is a nice way to put it."
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toad at 13:15 2008-07-25 said:
Both of these permabulls have pronounced the bottom of the real estate market this week. I'm not sure what crystal ball they're using, but the fall in housing prices has just begin. When national median home prices retreat to the historical ratio of 2.5 to 3 times the median household income in any given area, then we can say the market has reached bottom. Prices still have a long way to fall before they reach those levels.AAA Permalinkadd a comment | go to forum thread
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