As reported in the NY times today, February was the worst drop in history. This data is from same-home sales. It is clear that we are still nowhere near bottom.
As they report:
"Joshua Shapiro, chief United States economist for MFR Inc., said in a note to clients that “it is unlikely that we are anywhere near a bottom in nationwide home prices.” He estimated the index was perhaps two-thirds of the way through its ultimate total decline.
That would bring big city prices back to where they were in late 2001 or early 2002..."
Tuesday, March 31, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment