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

To: ajtj99 who wrote (180103)	1/27/2009 11:24:03 PM
From: Jim McMannis	Read Replies (3) \| Respond to of 306849

Housing naysayer predicting end to home price slide in late '09 blogs.tampabay.com Economist Mark Zandi of Moody' Economy.com is predicting a stabilization of home prices by the end of this year. I wouldn't make much of such guesswork usually, but Zandi has been a housing doom and gloomer: Join Chief Economist Mark Zandi and Director of Housing Economics Celia Chen for an introduction to Housing in Crisis: When Will Metro Markets Recover?, a new study that offers a comprehensive look at the near-term prospects for a recovery in housing markets in a recessionary environment. The current state of price and inventory imbalances in the housing market will be evaluated, as well as conditions in the mortgage market. The outlook for foreclosures, a key force in the housing downturn, will be discussed. The most recent Moody's Economy.com metro area price forecasts will also be presented. Key findings: · House prices will stabilize by the end of this year. · The national Case-Shiller house price index will decline by another 12% from the third quarter of last year for a total peak-to-trough decline of 30%. · By the end of this unprecedented downturn, house prices will have declined by double digits peak to trough in nearly 62% of the nation’s 381 metro areas. In about 10% of metro areas, price declines will exceed 30%.