Relevant:
- Lords of the shadow inventory -- over 3 million homes locked away in shadow inventory near peak levels. Prices must fall to prevent massive drawn out drag to economy.
- What if housing doesn't recover for another decade?
- Chris Thornberg: Possible 50% House Price Declines in SoCal
- Moody's: CRE Prices Fall 2.3% in March
- Bottom in Sight? Yes, Says One Economist
2009-09-21 — housingwire.com
" At least another decade will pass before housing prices return to peak 2006 levels, according to an analyst at Moody’s Economy.com."
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Comments:
catherine at 01:55 2009-09-22 said:
surprise, surprise............housing did not rebound until 1954 after the Depression I. That was in part because the baby boomers needed places to live (I mean the babies before I get beat) and that is why rent to own is right around the corner............. :oops: (butts in houses :wink: ) either that or they do what they are doing in Cleveland and Detroit, just bulldoze the property into the ground, now that asset is not only toxic BUT HAS DISAPPEARED........... Permalinkadd a comment | go to forum thread
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