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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (80040)6/25/2007 10:51:16 AM
From: Mike JohnstonRead Replies (1) of 306849
 
It will remain relatively weak. Nominal prices might not drop that much from here , but i would expect them to drop another 30-50% in real terms.

Too many empty houses out there on one hand, too much money supply growth on the other.

Of course, even if nominal prices stay flat, many homeowners will be crushed by soaring living costs, taxes etc and of course inability ( or lack off) to pull equity out.
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