Barry Ritholtz gives his reasons why house prices will continue to drop - 15% to the mean, probably more - say 20%? (htp: Michael Panzner)
But the market is segmented. Maybe it'd be more useful to discuss the projected impact on different regions and price brackets.
2 comments:
I'm told that in this area, prices have not dropped all that much and in some places even risen. Across Britain is another matter though.
Good, prices are too high. Prices need to come down to where the median person can afford them without creative financing. Non safety zoning regs should be abolished so that the bottom half can build homes the size they can afford. Singles don't need McMansions, just a modest single bedroom home.
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