The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tommaso who wrote (17318)	2/14/2004 2:24:35 PM
From: Wyätt Gwyön	Read Replies (1) of 306849

So if home prices on average were to decline by 25%, a very large portion of the home-owning population would lose all or most of their equity in their homes yes, on average, they would have 0% equity. quite amazing, especially when you think how recently prices were 25% below present levels. while Wall Street is busy being unanimously bearish on US Treasurys, consider that home "affordability" has become a direct function of the 10yr yield. i imagine a 150-200bp rise in the 10yr could effect a total wipeout of home equity among mortgagees, on average.

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