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Housing Prices
Posted on 1/29/09 at 11:37 am
Posted on 1/29/09 at 11:37 am
Do you agree with the following statements/logic from Jack Ablin of Harris Bank:
1. Median home prices on a national basis are at "fair value" when gauged against the Consumer Price Index (after an 18% decline from the 12 months ended November according to Case-Shiller).
2. Most of the damage is behind us on housing prices.
Thoughts?
1. Median home prices on a national basis are at "fair value" when gauged against the Consumer Price Index (after an 18% decline from the 12 months ended November according to Case-Shiller).
2. Most of the damage is behind us on housing prices.
Thoughts?
2
Posted on 1/29/09 at 11:55 am to Edge
1)No
2)I think that possibly some of the price declines in some areas could be mostly behind us, but the damage related to housing prices going down is well in front of us.
2)I think that possibly some of the price declines in some areas could be mostly behind us, but the damage related to housing prices going down is well in front of us.
Posted on 1/29/09 at 12:37 pm to Edge
1) No
2) No
2) No
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