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

To: Siddhartha Gautama who wrote (208046)6/24/2009 4:14:21 PM
From: Wyätt GwyönRespond to of 306849
 
50% down from here in real terms for housing sounds about right. as to nominal terms, it probably depends on what happens to rates. stocks can go down 50% in nominal terms much easier than housing can, because people are much more deluded about their houses and govt support of housing market makes price adjustments less immediate. but longer term, i don't think govt intervention will save the day, so the adjustment in real terms must come at some point.


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