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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (59774)8/11/2006 4:32:59 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
If home prices decline as they did in 1989, we should see a modest decline in home prices this year and next, followed by a painful drop in the third year.

Then further declines in years four and five, both larger than year one and two, but smaller than year three.
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