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

To: John Vosilla who wrote (80040)6/25/2007 10:51:16 AM
From: Mike JohnstonRead Replies (1) | Respond to 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.



To: John Vosilla who wrote (80040)6/25/2007 2:54:30 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
thats my question also. Inflation is whats really saving this housing market. Not saying its good but it is not as bad as some thought. Inflation roars on.


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